LA Times Pretax funds for medical expenses: Abbr. Crossword Clue Puzzle Answer from August 08, 2024
Here is the right answer to LA Times Pretax funds for medical expenses: Abbr. crossword clue featured in the LA Times puzzle. The correct answer to this clue is HSA.
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Updated Aug 08, 2024
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Pretax funds for medical expenses: Abbr. LA Times Crossword Clue Answer
Let’s find the answers to Pretax funds for medical expenses: Abbr. LA Times for the August 08, 2024 edition of LA Times crossword puzzle. Answer Contains 3 letters. Start with H and end with A, and the possible solutions are HAHA, HAKA, HSA.
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The answer is HSA.
Pretax funds for medical expenses: Abbr. LA TIMES Crossword Clue Explanation
The term "HSA" stands for "Health Savings Account." An HSA is a tax-advantaged savings account that is used specifically for medical expenses. Contributions to an HSA are made with pretax dollars, which can reduce your taxable income for the year. The funds in an HSA can be used to pay for qualified medical expenses, including doctor visits, prescriptions, and certain over-the-counter medications.
Understanding the Clue
- Pretax funds for medical expenses: This phrase indicates that the answer relates to funds used for medical costs that are contributed before taxes are deducted.
- Abbr.: Indicates that the answer is an abbreviation.
- HSA: Short for Health Savings Account, a tax-advantaged account used to save for and pay medical expenses.
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