IRA and HSA Contributions
The rules for both IRAs and HSAs (Health Savings Accounts) allow contributions to 2019 accounts up to Tax Day on April 15, 2020. These contributions lower your taxable income, which can equate to a more significant tax break.
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HSA eligible expenses
When it comes HSAs - Health Savings Accounts - people are often surprised at some of the eligible expenses that qualify for tax-free withdrawal.
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We just received this very timely update notice from our OCA Benefits partner and wanted to be sure that you were made aware of the HSA reversion contribution for 2018. HSA FAMILY CONTRIBUTIONS – IRS PROVIDES RELIEF. Late last week the IRS released Revenue Procedure 2018-27 that allows health savings account (HSA) holders to treat $6,900 (rather...
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