Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

6 New Ways Retirees Can Save on Taxes This Season

January 20, 2023 · Taxes
healthcare. save
Photo by create jobs 51 from Shutterstock

#2 Boost up that HSA account!

This one is easier to do if you are already on an HDHP (a high-deductible health plan) and you are still employed; otherwise, it may be a bit more difficult. But either way, you can still look into accessing an HSA (a health savings account), which is going to help you save money when you have to pay out of pocket for medical expenses.

Not only is this one of those things that are going to help you in the long run when it comes to having to pay for things that are not covered by your insurance or by Medicaid, but it can also be a way to save some money on your taxes.

HSA accounts made through payroll are going to grow not only with pre-tax money, but they are also growing tax-free, and if you have to make any withdrawals, those aren’t going to be taxed either! So you will not be losing money but saving in the long run, and it is a great way to do things even if you are only a few years away from retirement.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • IRS refund Tax Refund Alert: Americans May See a $1,000 Increase in 2026
  • Are You a Homeowner? Here Are 5 Trump Tax Bill Changes That Could Affect You
  • social security The 2026 Schedule of Social Security Offices - What You Need to Know
  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here's How to Get Your Refund From Amazon's $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on February 11, 18, and 25?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump's Tariffs
  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

taxes

10 Unbelievable Things Your Taxes Are Paying For

2. Turning Computers Into Couch Potatoes Your tax dollars made something odder than necessary possible.…

Read More →
retirees

Moving Abroad? These 9 Countries Don’t Tax Retirees at All!

2. Panama Costa Rica’s next-door neighbor, Panama, is another popular choice for retirees moving abroad.…

Read More →

Warning: 9 Reasons The IRS Can Audit You Anytime

2. Unreported income I bet you don’t want to be called for an IRS audit!…

Read More →
prepare early for the tax season avoid

8 Unexpected Reasons to Prepare Early for The Tax Season

2. More time to pay taxes you owe Let’s face it: Receiving bad news earlier is…

Read More →
experts, reduce, change, taxes, home, income

Want to Reduce Your Taxes? Here Are 7 (Necessary) Tips 

2. Don’t forget about your retirement account Experts say that another easy way to lower…

Read More →
stealth

7 Stealth Taxes that Can Destroy Your Retirement

Social Security Taxation of the Social Security benefits started in 1984, and it is by…

Read More →
companies credit card

15 Companies That Will Take Care of Your Student Loans

These 15 Companies Will Pay Your Student Loans: The problem with student loan debt is…

Read More →
income retire stealth

10 Types of Retirement Income Tax You Need to Know About

Roth IRAs and Roth 401(k)s Roth IRAs always come with an enormous long-term tax advantage,…

Read More →
florida

Florida Tax Guide: What Retirees Will Have to Pay (and What They Won’t)

Are retirement income and pensions taxed in Florida? Why do many retirees choose to spend…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.