Do you know the ABCs of HSAs, FSAs and HRAs?
June 27, 2018 | BY admin
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to make sense of this alphabet soup of health care accounts. (more…)
tax - income tax - health care
Manage health benefits costs with a multipronged approach
May 02, 2018 | BY admin
Many companies offer health care benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care Act has been using both carrots and sticks (depending on employer size) to encourage businesses to offer health coverage. (more…)
business - health care - employee benefit
TCJA temporarily lowers medical expense deduction threshold
February 12, 2018 | BY admin
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily reduced the threshold. (more…)
tax - #taxbill - health care