How a Health Savings Account Can Be a Smart Tax Strategy Have you been considering a health savings account? Here, accountant Mark Kohler explains the advantages.
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Have you been considering a health savings account for your business? While an HSA strategy typically means choosing a health-insurance policy with a higher deductible, accountant Mark Kohler says there are several advantages. Among them:
- Tax deductions for contributions.
- Tax-free growth on investments using the HSA.
- Tax-free withdrawls for health-care expenses.
