I've decided to deposit my rebate check of $600 as a contribution in my Health Savings Account. I need to work towards my deductible, which is also the max amount I can contribute tax free.
The beauty of a HSA is that all contributions and distributions (medical payments/expenses)are tax free; they lower one's tax liability.
A worthwhile endeavor if you want to avoid paying too many taxes.....
My rebate check...
April 27th, 2008 at 07:29 pm