health savings account Archives

Health Savings Accounts: An Often-Overlooked Tax Savings

Feature Article

Health Savings Accounts: An Often-Overlooked Tax Savings

For certain taxpayers, such as high-income employees, it is challenging to find ways to reduce federal tax liabilities proactively. Since high-income employees often have sufficient cash to fund out-of-pocket medical expe... Thomas Gorczynski, EA, USTCP

July/Aug 2022, Feature Article, self-employed, healthcare, wealth, IRA, health savings account, adjusted gross income, AGI, HSA, HDHP, High-deductible health plan, Schedule A, §36B

Payroll Taxes in 2021: The Dos and Don’ts

Payroll Corner

Payroll Taxes in 2021: The Dos and Don’ts

Filing payroll taxes accurately takes work, especially when keeping track of changing tax regulations. The following payroll tax tips will help your clients stay compliant. The subject of payroll taxes can be a prickly one for human resources p... Justworks

Sept/Oct 2021, Payroll Corner, payroll, FICA, Social Security, health savings account, Flexible spending account, Medicare, FSA, employer taxes, FUTA, Federal Unemployment Tax Act, Federal Insurance Contributions Act, Form 941, Revenue Procedure 2020-45, HSA, State Unemployment Tax Act, SUTA

Your Questions Answered

QUESTION #1: My client, Camille, has been spending significant amounts of time reorganizing her home amid the pandemic. She spent time going through dressers, closets, the attic, the basement, and even the garage. She identified many items that sh... Catherine Martin, JD

Jan/Feb 2021, Your Questions Answered, deductions, charitable, healthcare, COVID-19, CARES Act, Donations, health savings account, Flexible spending account