by Jackie | May 30, 2023 | Uncategorized
Article Highlights: Flexible Spending Accounts Common Features of an FSA FSA Allowable Medical Expenses Unused Amounts (Use It or Lose It) HealthSavings Accounts Enrolled in Medicare Covered Under a High-deductible Health Plan HSAContributions and Contribution Limits...
by Jackie | May 26, 2023 | Uncategorized
Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Keeping the actual return Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after...
by Jackie | May 25, 2023 | Uncategorized
Article Highlights: Early-Withdrawal Penalties Reduction in Retirement Savings Exceptions from the Early-Withdrawal Penalty If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting option. However, if you are...
by Jackie | May 24, 2023 | Uncategorized
In 2022 alone, there were approximately 15.4 million layoffs in the United States as per one recent study. About 6.9 million of them happened in the last half of the year, from August to December. It’s also worth noting that this is certainly nothing new....
by Jackie | May 22, 2023 | Uncategorized
Article Highlights: Filing Thresholds Tax Withholding Tax Credits Earned Income Tax Credit Child Tax Credit American Opportunity Tax Credit Generally, individuals are required to file a tax return for a year if their income exceeds the standard deduction for their...