You have to accurately report the cost of your paint. You can't leave that off.

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>Can i deposit it in my bank account and then send money to health equity? Thank you

Yes. Two things to be aware of:

1. You have 60 days to complete this "indirect rollover". Take longer than that and the withdrawal will be counted as a distribution, triggering tax/penalty if you don't have sufficient medical expenses to balance against it.
2. When doing the deposit, your new HSA should allow you to mark it as a "rollover deposit" (or some similar term). This would cause this deposit to not count towards your annual contribution limit. And being reported as that allows you to align this rollover deposit with the withdrawal from your old HSA.

Your new HSA may allow you to do that rollover deposit online with an electronic fund transfer.

My main concern was whether to hold the savings as I approach a new salary with whatever new job opportunity will come in the next month or so, in case of emergency. But then again, I think a better option would be paying off the CC debt and then I still always have the credit lines in case of emergency 😅

Consider acquiring a used car with cash. Your partner has bad credit, if they get a car on credit their interest rates will be close to 23% and you will likely be bailing them out.

Not as much risk of that these days as last year.

And when that risk is highest, it’s also the highest risk of having the market pass you by while you’re renting.

When I bought/sold at the same time, I was able to get a local bank to do a bridge loan. Rates were a little higher, but it was repaid with the sale of my other house 30-45 days later, so a couple points of interest didn’t make that much of a difference.

And we knew we might be putting our old house on the market, so it was ready to list and show as soon as we put the new one under contract.

By the time we closed on the new one, we already had a contract (but not closed) on the old one, so bank was able to see that it was pretty low risk.

But I guess local bankers who know their borrowers are less common these days

She isn’t comfortable driving my car, I have offered to teach her in the past. Believe me, that was the first thing I mentioned when we started talking about this.

Probably around 45-50. I buy paint and that runs me at least a few thousands among other expenses. I think I can save at least 10k

I think confused based off her tweet.

Did you tell them the money is for a 60 day rollover? If it's a transfer, as you know it's not payable correctly. Doing a 60 day rollover shouldn't be an issue.

https://thefinancebuff.com/how-to-rollover-an-hsa-on-your-own-and-avoid-trustee-transfer-fee.html

> my vehicle is manual and she cannot drive a manual transmission.

...This sounds like an easy problem with an easy solution. You could teach her how to drive stick in a couple of sessions over a weekend or two, and you have about 6 months to do it.

Partner makes ~50k, the cost of the car they’re looking at is ~15k depending on condition/mileage.

I do house painting so paint

The software probably assumes the bonus is your ongoing paycheck and places you in a higher tax bracket.

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My credit is ~750, I make 62k annually and we cannot share a car as my vehicle is manual and she cannot drive a manual transmission.

You have to accurately file your taxes. You should not inflate profits or expenses.

You can choose the less beneficial method of a deduction though.

What are your main categories of expenses?

Without doing the math, I'd write off whatever you legitimately can. Every dollar in you pocket is a better position. But how much do you think you can save up over the next two years? How low would your taxable income get if you write everything off? How would the DTI compare on the mortgage to guideline rates?

With interest rates of 28.99% and 22.24%, it's a no-brainer. Pay off that debt immediately. It's crazy to keep money in your savings while paying out that kind of interest.

Partner makes roughly 50k/yr and cost of the car to buy in Florida would be ~15k depending on condition/mileage. Same vehicle cannot be found for less than 23k in Georgia.

We're never going to know enough of the nitty gritty details of your personal finances to give you good advice on this. You need to hire a CPA.

Nearly 200k miles, 4-5 accidents prior to partner owning it, next big repair will be the transmission, which is more expensive than the car is worth.