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Deductions & credits
However, I suspect you will be better off with the HSA through your employer.
When you contribute to an HSA separately, you save income taxes. When you contribute through your employers plan/HSA, you save both income tax AND Social Security/Medicare tax (7.65%). It would be unusual for the "better investment options" to overcome the 7.65% you would be saving through your employer.
When you contribute to an HSA separately, you save income taxes. When you contribute through your employers plan/HSA, you save both income tax AND Social Security/Medicare tax (7.65%). It would be unusual for the "better investment options" to overcome the 7.65% you would be saving through your employer.
‎June 6, 2019
7:04 AM