Health Savings Account (HSA) Deduction 4140 Tax Preparation 2023-2024
Channel: Accounting Instruction, Help, & How To
Date: 2024-03-23

Health Savings Account (HSA) Deduction 
Tax Preparation 2023-2024
Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5z5yILFZbmY3xGO-B6sCKQ
Quizlet Course: https://quizlet.com/join/ryFQgpkBD

00:00 - 06:15 Introduction to income tax preparation for 2023 and 2024
06:16 - 11:30 Adjustments to Income
11:31 - 16:45 Schedule 1 Adjustments to Income (Form 1040)
16:46 - 21:10 Health Savings Account (HSA) Overview
21:11 - 26:25 Tax Advantages of Health Savings Accounts (HSAs)

"Welcome to our channel! In this video, we delve into a comprehensive guide on income tax preparation for the years 2023 and 2024, covering key concepts and strategies. Learn about adjustments to income, including Schedule 1 adjustments to income (Form 1040), and gain insights into maximizing your tax efficiency.

We also explore the ins and outs of Health Savings Accounts (HSAs), providing an overview of their features, tax advantages, ownership, portability, and qualified medical expenses. Whether you're new to tax preparation or seeking to optimize your healthcare savings, this video offers valuable information and tips.

Don't miss our recap at the end, summarizing the benefits and considerations of HSAs. Subscribe to our channel for more tax-related content and financial insights!"