Finance

How a Health Savings Account Can Be a Smart Tax Strategy

VIP Contributor
Author, Attorney and CPA
min read
Opinions expressed by Entrepreneur contributors are their own.

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.

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