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Health savings accounts and flexible spending accounts Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two types of tax-advantaged accounts that can be used to pay for eligible medical and other qualifying expenses. In 2024, the maximum HSA contribution for self-only coverage is $4,150 and $8,300 for families.
For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize.
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