Tax Deductible Contributions –
Health Savings Accounts allow you to legally avoid federal income tax by saving up to $ 3,250 for singles or $ 6,450 for families, into an HSA account. If your employer makes an HSA contribution for you, it is \”excluded\” from income, and not subject to any income tax or FICA. An important note – You must have your HSA-qualified health insurance in place by December 1st in order to qualify for a 2013 tax break.
