[youtube https://www.youtube.com/watch?v=Nf0elKq7sjA]The new tax law has added some wrinkles to how many Americans deal with their tax returns. In the past, it was common to try to maximize deductions during the year and then itemize on your return. However, with the increase in the standard deduction for individuals and families this year, reducing taxable income is [...]
The following article was published by the IRS. The Internal Revenue Service is reminding eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2019. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health [...]
The following article was published by the IRS. The Internal Revenue Service recently issued guidance that provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit for 2017 and later years. The Small Business Health Care Tax Credit can benefit certain small employers who provide health coverage to their [...]
[youtube https://www.youtube.com/watch?v=8IaHBic7Rv8]If you qualify for a Health Savings Account but are undecided as to whether or not you should open one, here are some points to help you decide: Immediate Tax Savings - Contributions to your HSA qualify as a tax deduction. That is, they reduce your taxable income for that year dollar for dollar as [...]
The following article was published by the IRS. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health [...]