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Peoples State Bank
Budgeting
Health Savings Account Changes for 2020

You’ll be able to set aside more money in 2020 for your health savings account (HSA). The IRS has increased the amount you can contribute to an HSA for both individual coverage and family coverage.

Breaking the 20% Down Payment Myth

There’s a long-standing myth that you need to pay a 20% down payment when purchasing a home. Yes, a 20% down payment is a benchmark that mortgage lenders use, but a third of Americans put 5% or less down when purchasing a home.