4 Medical Expenses Seniors Can Write Off Without Itemizing

Medical costs in retirement are rising. Here are four health care tax breaks seniors may still qualify for without itemizing, from HSA withdrawals to FHAs.
AOL

My $40k HSA Withdrawal Strategy: How Should I Use It Before Retirement?

One of the more underrated retirement strategies you can consider today is the Health Savings Account. Essentially, a tax-advantaged savings account that can help you pay for medical expenses like ...

Think an HSA Is Just for Medical Bills? Here's How It Can Double as a Stealth Retirement Account

You can get a lot of mileage out of this fantastic account.
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HSA Qualifying Expenses: Find Out What’s Included

・Here's a list of which medical expenses are HSA-eligible and which aren’t. ・This matters so that you can avoid penalties on non-qualified HSA withdrawals. ・Make sure your HSA expense qualifies before ...
Miami Herald

These Health Savings Account Pitfalls Could Cost You Thousands in Retirement

If you’re planning for retirement, there’s a good chance you’ve heard of a 401(k) or an IRA. But there’s another account that often flies under the radar — one that offers tax advantages neither of ...
Altoona Mirror

Don’t let your HSA drag you down

Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free ...
The Motley Fool

If You're Doing This With Your HSA, You're Making a Huge Mistake

Health savings accounts (HSAs) give you a tax break on contributions, investment gains, and withdrawals. You can take an HSA withdrawal at any time for qualified healthcare costs. If you automatically ...
Orlando Sentinel

The Savings Game: Using your HSA like a Roth account

In IRA expert Ed Slott’s recent monthly newsletter, Ryan McKeown, CPA, CFP, a senior vice president and financial adviser with Wealth Enhancement, wrote an excellent article summarizing the advantages ...