These HSA products are among the plethora of options out there for investors to save money on their taxes by putting pre-tax ...

**Surviving Spouse as Default Beneficiary**: If you are married and do not name a beneficiary, your spouse automatically becomes the beneficiary of the HSA by default. In this case, the HSA continues ...

Range details the steps you need to take to file a federal tax extension, and offers advice on state tax extensions as well ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

This form comes in your closing paperwork rather than in January. — 1099-SA reports withdrawals from your HSA. You generally need to report the distribution when you file your tax return but ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

If you’re enrolled in a health savings plan (HSA) or a medical savings account (MSA) plan, tax-exempt money is deposited into your bank account as payment toward your medical care. In both cases ...

and most state income taxes are deducted. You can make changes to the amount you contribute to your HSA during the year by submitting a new Health Savings Account (HSA) Change of Contribution form.

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

Here’s a checklist of essential documents and information: Health insurance documentation (Form 1095-A) Copy of last year's tax return Any IRS correspondence received during the year Bank account and ...

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared. By Tara Siegel Bernard This is the fifth ...