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Americans Save More In HSAs, Fidelity Reports HSA Assets Exceed $16 Billion

May 15, 2023

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.

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Couples May Score A Bigger Tax Break With This Flexible Spending Account Strategy

May 31, 2021

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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

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2019, 2020 Contribution Limits For 401(k)s, IRAs, And HSAs

December 16, 2019

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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

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4 Big Tax Breaks You May Lose Under GOP Tax Plan

October 2, 2017

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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

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Say Goodbye To These 4 Tax Breaks Next Year

December 12, 2016

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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

Recent Posts

Student Loan Repayment May Force Some To Take On More Debt: SurveySeptember 25, 2023 - 11:43 pm
Student loan forbearances brought relief for millions during the uncertain times of the COVID-19 pandemic. But after more than three years, many consumers are now bracing for significant adjustments to their household budgets. Many will even have to delay major life plans and milestones in order to manage their student loans, existing debts and other day-to-day expenses.
Four Year-End Tax Tips To Get On Track For 2024September 19, 2023 - 2:36 am
It’s a great time to start thinking about your taxes. There are four tips that can help you get on track for 2024.
How You Can Avoid A Tax Refund Shock Next YearSeptember 11, 2023 - 12:41 pm
One way Americans can avoid being caught off guard next tax season is by conducting a thorough review of their tax return alongside a mid-year review of their income so far in 2023. Undergoing a mid-year assessment can help taxpayers estimate how much they will receive in tax refunds or what sort of balance they will owe next tax season.
44% Of Savers In Their 20s And 30s Want To Retire By 60, But Few Are On Track—See How You Stack UpSeptember 4, 2023 - 2:28 pm
Many younger Americans currently aren’t on track to retire at the current full retirement age of 67, let alone at 60. Wondering how you stack up? Here’s how financial pros say you can calculate whether or not you’ll be able to retire when — and how — you want.
IRS Warns Of This Dangerous Scam That You May Fall Victim ToAugust 28, 2023 - 6:28 pm
There are plenty of accounts pretending to be the IRS and sending direct messages to people. As a result, the IRS is telling people not to engage with social media accounts pretending to be the organization.
Personal Loan Interest Rates Surge For 3- And 5-Year LoansAugust 21, 2023 - 8:39 pm
Whether a personal loan is right for you often depends on multiple factors, including what rate you can qualify for. It’s always a good idea to comparison shop. By comparing multiple lenders and their rates could help ensure you get the best possible personal loan for your needs.
Help Your Kids With Finances Without Jeopardizing Your OwnAugust 14, 2023 - 10:29 pm
For an increasing number of parents, supporting their adult children means providing financial assistance, even if it means they are putting their own financial security at risk. Financial experts say that such sacrifices are dangerous for both parents and children. If the parents run out of resources in retirement, they may end up putting an even greater financial burden on their children.
Should You Tap Home Equity To Pay Your Bills?August 7, 2023 - 9:08 pm
Some people may be tempted to use the equity they have built in their home to eliminate the outstanding debt. But is that a good idea? Before making such a move, it is important to understand the pros and cons of using home equity.