A Health Savings Account (HSA) is a type of savings account that enables you to set aside pre-taxed funds to pay for qualified medical expenses. Using untaxed dollars in an HSA to pay expenses such as deductibles, drug prescriptions, copays, some dental work, glasses and vision-related care, and some other expenses can lower your overall Read more
Taxes
What’s New, 72? How the Rules of Required Minimum Distributions Changed
It’s a good idea, no matter your age, to have a tax-advantaged retirement plan in place to provide financial security when you retire. This plan could take the form of an Individual Retirement Account (IRA), which allows you to make tax-deferred investments, or a 401(k) plan through an employer, which allows you to contribute a Read more
These Taxing Times Are a Good Time to Select a Tax Pro
Though tax filing is generally done at the end of the fiscal year, extended filing deadlines in this year of the COVID-19 virus have given a breather to those filing tax returns, and perhaps more time to hire and/or change accountants. It is always good to examine gains and off-setting losses in your portfolio and Read more