Tax-advantaged accounts are financial accounts that provide tax benefits to encourage saving and investing. Common types include Individual Retirement Accounts (IRAs), 401(k) plans, and Health Savings Accounts (HSAs). Contributions to these accounts may be tax-deductible, and the money can grow tax-free or tax-deferred, depending on the account type. This means you can potentially save more money over time compared to regular accounts. These accounts are designed to help individuals save for specific goals, such as retirement or medical expenses. By using tax-advantaged accounts, you can maximize your savings and reduce your overall tax burden, making it easier to achieve your financial objectives.