Tag Archive for: tax breaks

Americans Save More In HSAs, Fidelity Reports HSA Assets Exceed $16 Billion
HSAs can help people cover healthcare costs and avoid other harmful financial decisions while enjoying tax breaks. While some employers offer HSAs as part of their benefits options, consumers can also open these through most banks or investment management firms.

Couples May Score A Bigger Tax Break With This Flexible Spending Account Strategy
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The American Rescue Plan boosted child-care assistance through temporary changes to dependent-care FSAs. The law increased 2021 dependent-care FSA limits to $10,500 from $5,000, offering a higher tax break on top of existing rules allowing more time to spend the money. CLICK ON THE HEADLINE FOR MORE

2019, 2020 Contribution Limits For 401(k)s, IRAs, And HSAs
The 2020 IRA contribution limit is the same as the 2019 IRA contribution limit, but taxpayers will be able to contribute more to their 401(k) accounts and health savings accounts (HSAs) in 2020. CLICK ON THE HEADLINE FOR MORE

4 Big Tax Breaks You May Lose Under GOP Tax Plan
There are tax benefits that are on the chopping block to help fund what businesses and individuals pay to Uncle Sam. FOR THE TOP 4 BREAKS THAT POTENTIALLY MAY BE LOST, CLICK ON THE HEADLINE

Say Goodbye To These 4 Tax Breaks Next Year
Three homeowner deductions and one deduction that helps grad students and those enrolled in continuing education classes may disappear in 2017. CLICK ON THE HEADLINE FOR MORE