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Health Savings Account
An account that allows individuals with high-deductible health plans to save money tax-free for medical expenses.
Out-Of-Pocket Expenses
Costs that an individual must pay out of their own cash reserves, including medical expenses, business expenses not reimbursed, and other personal expenditures.
Self-Employed Health Insurance
A deduction that allows self-employed individuals to deduct 100% of their health insurance premiums from their taxable income.
AGI Deduction
Reductions from gross income that lower an individual's taxable income, based on specific expenses and contributions.
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