Tag Archive for: health savings account

A Favorite Savings Tool Of Financial Advisers Gets Better With ‘One Big Beautiful Bill’

New provisions in the recently signed tax and spending law significantly expand HSA eligibility. The law allows more Affordable Care Act insurance plans, Direct Primary Care arrangements, and plans with telehealth coverage to qualify for HSA use—potentially opening the door for tens of millions of additional users.

25 Financial Moves To Consider Making Before December 31st

It’s worth focusing on practical financial strategies to consider before the end of the year. It will also help lay the groundwork for a financially successful year ahead.

Tax Deductions 2024: What Can I Deduct and How Do They Work?

The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here's what you need to know about deductions for tax year 2024.

Seven Ways To Reduce Taxable Income

Due to tiered tax brackets and a progressive tax system—the more you make, the more you might end up paying. But there are many ways to lower your taxable income—and ultimately—the amount of taxes you pay.

Tax Credit vs. Deduction: What’s The Difference And Which Is Better?

Which is better, a tax credit or a tax deduction? The secret is in leveraging both to ease your tax burden. Before you start stumbling through your tax return, clear up any misconceptions about the differences and how both work to lower your tax liability and your tax rate in different ways.

Four Year-End Tax Tips To Get On Track For 2024

It's a great time to start thinking about your taxes. There are four tips that can help you get on track for 2024.