Health Savings Account can save big on taxes | The Coloradoan | coloradoan.com

With tax season in full swing, many are asking: “Is there a way to reduce my tax bite?”

A strategy that has been growing in popularity involves the use of a Health Savings Account, or HSA. “Using an HSA is a no brainer tax strategy,” said Chris Wyrick, a Fort Collins CPA, who also is an attorney specializing in tax, business law and estate planning.

Wyrick, who has his own family HSA, said “You probably want to consider an HSA ahead of an IRA.” Wyrick likes the fact that “in essence, you’re getting your medical costs on sale.”

via Health Savings Account can save big on taxes | The Coloradoan | coloradoan.com.

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