Tax Season News and Survival Tips

It’s not easy to keep up with complex tax laws that always seem to be changing, much less figure out how they might affect you personally. Even so, it’s important to consider the potential impact of taxes when making many types of financial decisions.  The IRS automatically adjusts the standard deduction and income tax brackets…

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IRS Releases 2022 Key Numbers for Health Savings Accounts

The IRS has released the 2022 contribution limits for health savings accounts (HSAs), as well as the 2022 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that’s paired with an HDHP. An HSA offers several valuable tax benefits:   You may be able to make pre-tax…

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Five New Year’s Resolutions Every Investor Should Make

You owe it to yourself to take these steps for a healthier financial future.   Markets had a good 2020 and it’s almost a given that we will have a 10-15% pullback in early 2021 but based on current economic numbers, low-interest rates, and light at the end of the tunnel on the COVID crisis, we are planning…

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HSA Deposit Limits for 2018-2019

The 2018 family maximum Health Savings Account contribution limit is $6,900.  It has been widely reported, erroneously, that the limit remains at $6,850.   The 2018 single maximum HSA deposit limit is $3,450. One financial planning strategy everyone can use is to allow your HSA balance to carryover from year to year and be invested in…

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