What’s the best tax deduction or tax break available? That’s a question I hear all the time and I often point people to HSAs. While
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Bill To Decriminalize Marijuana For Federal Purposes Passes House
As more and more states legalize marijuana, pressure has been growing for Congress to take some action. This week, the House passed legislation that would
Read MoreShould You File A Protective Claim For Refund In 2020?
To file or not to file? That’s the question that has been posed many times over the past week or so with respect to protective
Read MoreIRS Guidance Give Employers Flexibility For Benefit Plans During COVID-19 Crisis
Whether you’re reading this from your living room while in your pajamas, or safely tucked away in your newly-renovated laundry room turned home office, you’ll
Read MoreIRS: High-Deductible Health Plans (HDHPs) Can Cover COVID-19 Related Costs
The Internal Revenue Service (IRS) has announced that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their
Read MoreStudy Suggests That Raising E-Cigarette Taxes Could Encourage Traditional Smoking
Sin taxes are excise taxes imposed on goods or behaviors – like booze and cigarettes – that lawmakers deem harmful. In addition to raising revenue,
Read MoreTax Extender Bill Means Return Of Some Popular Deductions
There’s snow on the ground, the calendar is winding down, folks are gearing up for the new year, so of course, we’re getting… EXTENDERS? Yes,
Read MoreObamacare Taxes On The Chopping Block In Proposed Spending Bill
Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called
Read MoreIRS Provides Relief & Some Clarity On Healthcare Reporting
The death of the Affordable Care Act may have been exaggerated, but some provisions, like the shared responsibility payment, have effectively been killed off. Beginning
Read MoreScammers Find New Target As IRS Expands Tax Benefits For Genetic Testing
Genetic testing kits are all the rage these days—and recent tax news may make it even more affordable. Taxpayers may now get a tax break
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