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How do employees save on taxes with an HSA?

How do employees save on taxes with an HSA?
Account holders receive a "triple tax benefit":
  • Taxable income reduction - HSA contributions are made before taxes, resulting in a lower taxable income.
  • Tax-free earnings - Interest growth earned on HSA funds is never taxed.
  • Tax-free distributions - HSA funds are not taxed when used for eligible expenses. 
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