Tag Archives: HSA
Taxpayers who are members of a health plan with a high deductible may be eligible to contribute to a health savings account. This type of account saves some of your money for future use on a range of medical expenses. Contributions made into your health savings account are tax-deductible, and investment earnings are tax-free, along […]
— Read moreLearning the math behind your tax return may seem overwhelming. However, understanding the three different levels of income can make things a little easier. The three amounts are: total gross income, adjusted gross income (AGI), taxable income. Adjusted Gross Income One important term to familiarize yourself with at tax time is adjusted gross income. This […]
— Read moreYou Can Still Claim Certain Deductions. Filing taxes is a stressful affair, causes anxiety and can be highly confusing. Should you take the standardized tax deduction of $6,200 for singles? Double that amount for couples. Itemizing your tax deductions may give you a bigger refund. Itemizing deductions will necessitate keeping all your medical, tax, and […]
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