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Deductions & credits
I can claim this direct contribution as deductible during tax filing but will I save the taxes same way as I would have saved through paychecks? If you are covered under a HDHP then you can make HSA contributions with after tax money and get an adjustment on your return.
I heard that I won't be able to save FICA taxes. Is that correct? That is correct, on your return you only save fed (and if allowed) state taxes.
‎December 8, 2021
7:24 AM