What is the Difference Between an HSA and a Health FSA?
Health Insurance, Health Savings Accounts, Healthcare, InvestmentArticle Highlights:
Flexible Spending Accounts
Common Features of an FSA
FSA Allowable Medical Expenses
Unused Amounts (Use It or Lose It)
Health Savings Accounts
Enrolled in Medicare
Covered Under a High-deductible…
Understanding What Tax-Deferred Investing Is
Investment, Tax TipsArticle Highlights:
Income Deferral
Earnings Deferral
Individual Retirement Accounts
Retirement Accounts
Bank Savings
Short- and Long-Term Capital Gains
Education Savings Accounts
Health Savings Accounts
Installment…
Tax Reform Enables Deferral of Taxable Gains Into Investments in Opportunity Zones
2018 Tax Laws, Growth, Investment, Tax ReformThose who have a large taxable gain from the sale of a stock, asset, or business and who would like to defer that gain with the possibility of excluding some of it from taxation should investigate a new investment called a qualified opportunity…
Making Two IRA Rollovers in One Year Can Be Costly
Accounting, Investment, Personal FinanceArticle Highlights:
One Rollover per Year Rule
Exceptions
Tax Consequences
Disqualified Rollover
Early Withdrawal Penalty
Tax law permits you to take a distribution from your IRA account, and as long as you return the…
Understanding Tax-Deferred Investing
Investment, Personal Finance, Tax TipsArticle Highlights:
Income Deferral
Earnings Deferral
Individual Retirement Accounts
Retirement Accounts
Bank Savings
Short- and Long-Term Capital Gains
Education Savings Accounts
Health Savings Accounts
When you…
Kiddie Tax No Longer Based on Parents’ Tax Rate
Business, Economics, Finance, Finance Tips, Investment, Jobs, Personal Finance, Tax Reform, Tax Tips, TaxesArticle Highlights:
Parents Attempting to Shift Income to Children
Kiddie Tax
Tax Reform Changes
Tax on Child’s Unearned Income
Tax on Child’s Earned Income
Some years back, it was not uncommon for parents to put…
So Long To The Tax Deduction For Investment Expenses
Investment, TaxesUnder the new tax reform law, investment expenses are no longer deductible as a miscellaneous itemized deduction. This means, for example, that if you have an investment account and are paying fees to have it managed, those fees are no longer…