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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IRS: 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 MoreIRS Added 14 Treatments To List Of Preventive Care Benefits
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service
Read MoreCongress Could Make Gym Memberships Tax-Deductible
Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes.
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Tax Refund Challenge: When Things Don’t Go As Planned
Tax season opens today. If you received a tax refund check, how would you spend it? Here’s my answer.
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Getting Paid To Go To The Doctor (And Other Tax-Favored Perks)
Are you taking advantage of your employee benefits? Be sure not to overlook your health savings account.
Read MoreBack To School 2014: Medical Expenses & Health Savings Accounts
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) Earlier, I outlined the benefits of the popular Flexible
Read MoreThe Cure For Cold & Flu Season: An Alphabet Soup Of Tax-Favored Accounts
With cold and flu season ramping up, your wallet is likely to take a hit – especially now that the threshold for claiming the medical deduction has increased under Obamacare. What options exist for easing the pain of copays, medications and other medical expenses?
Read MoreMedical Expense Tax Breaks Under ObamaCare
ObamaCare has made dealing with medical expenses on your tax return even more confusing. Here’s what you need to know now.
Read More33 Legal, Tax-Free Sources Of Income & Benefits
Remember Stacy Knutson? She was the waitress I posted about earlier today who was given $12,000 in a take out box by a customer. The
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