For many business owners and high-income earners, this includes:
- Your 401(k) or 403(b) through work
- A Traditional or Roth IRA (eligibility rules apply)
- A Health Savings Account if you’re enrolled in a high-deductible health plan
These accounts work because they let you:
- Cut your taxable income today
- Grow money tax-free for the future
- Or get the benefit of both
For 2025, contribution limits look roughly like this:
• 401(k): up to $23,500
• IRA: up to $7,000
• HSA: $4,300 for individuals or $8,550 for families
(Plus extra room if you’re 55+ or your employer contributes.)
The numbers adjust each year — but the strategy never changes.
