Saving on taxes has become trickier with the increased standard deduction and cap on real estate and state taxes for those that were accustomed to itemizing prior to the Tax Cuts & Jobs Act. During open enrollment for health insurance (ending December 15), you may have an opportunity through your employer or independently to enroll in a high deductible health plan (HDHP), which would afford you the opportunity to contribute to a Heath Savings Account (HSA). Doing so can help you save taxes regardless of whether you itemize or take the standard deduction, along with some other benefits outside of tax savings like using the account for an expansive list of qualified medical expenses, or even investing part of the account in mutual funds depending on the HSA provider. An HDHP and HSA isn’t right for everyone, so consult with your tax advisor or reach out to us with questions. What makes a health plan a HDHP is in the following link from healthcare.gov.