Save with the right moves! Looking for the best break on child care, health insurance, tuition, and more? Our guide has the answers you need.(money)

Publication: Good Housekeeping

Publication Date: 01-MAR-05

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Help with health insurance

Now you can get a tax deduction for contributing to one of the new Health Savings Accounts. These accounts work for people with a health insurance policy that carries a high deductible. You have to pay anywhere from $2,000 to $10,000 toward your family's annual medical bills before your coverage kicks in. But you can contribute to a tax-free savings account for the purpose of paying those out-of-pocket costs.

Contributions are tax deductible up to $5,150 for families (plus $500 for each taxpayer who's 55 or older) or up to $2,600 for singles (plus $500 for someone 55 or older). You can still make deductible contributions for 2004; the books don't close until April 15.

This year's biggest tax break

If you itemize your deductions, you can now write off all the sales tax you paid on your purchases in 2004. But there...

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