In United States, cost of living is high and moreover, there is taxation. You have no way to save your income from Internal Revenue Service (IRS) because as a salaried employee you require W 2 which will entitle employer to make automatic deduction of the tax from your paycheck. If you are working as an independent contractor, you’ll require W 9 which will entitle your hirer to deduct tax amount before disbursement for your work. So, there is no way to escape. You also require health insurance plan when you work in US.
Balancing your income and expenses
You may earn good in US but cost of living is very high because you need to pay rent, pay for health and other type of insurance plans, out-of-pocket expenses on medical treatment, and more. So, you keep on trying to find the ways to save money. You can’t generate enough money from interest on savings in your bank’s checking or CD account because interest rates are too low in US.
HSA is multi-benefit solution
You can seek answer to your questions by visiting to livelyme.com which is a platform to save your income from the tax burden. This is a platform the help of which can be taken to open your health savings account, debriefed as HSA. This is the account which is good for you if you are a taxpayer and wish to reduce your personal income by participating in some plan. HSA has double benefits, tax reduction and health insurance, and moreover, absolutely tax-free income when you make deposits or withdraw money from this account for specified purposes. You also have option to generate extra income by investing money from this account to specified investments.
The ultimate solution for smooth life
HSA is solution to most troubling income issues and livelyme is the place to find the answers. What you can’t do otherwise, you can do by having HSA which will make your life smooth.