policy, meaning the unused funds roll over year after year. This can provide a considerable advantage in saving for future medical expenses.

It's essential to keep track of your HSA contributions and ensure you are within the annual contribution limits set by the IRS. In 2021, the contribution limit for an individual is $3,600 and $7,200 for a family.

By understanding the tax benefits of HSA contributions and following the guidelines for when they count for tax purposes, you can maximize your savings and take advantage of the potential tax savings HSA offers.

Understanding how and when HSA contributions count for tax purposes is crucial for making the most of this fantastic savings tool. Enjoy tax-free benefits while saving for eligible medical expenses.