TPSAJul 93 min readA Secret to Lower Taxes: Special Deduction for Self-Employed Health InsuranceThis article looks at who qualifies for this deduction, the nature of qualifying insurance, and the claim process.
TPSAJun 116 min readHow Health Savings Accounts Can Supercharge Your Tax Savings This article delves into who qualifies for an HSA, the tax benefits it provides, and how it can serve as a supplemental retirement plan.
TPSAJul 5, 20234 min readWhat’s Best, FSA or HSA?Both plans allow you to set aside money to pay medical expenses with pre-tax dollars, providing a significant tax benefit. But which is...
TPSAJun 7, 20236 min readYou May Be Able to Minimize the Tax on Your Social Security Benefits Whether your Social Security benefits are taxable (and, if so, the taxed amount) depends on several issues, including filing status...
TPSAMay 4, 20235 min readWhat is the Difference Between an HSA and a Health FSA?The tax code provides two tax-advantageous plans for taxpayers to pay medical expenses. One is a Flexible Spending Account (FSA), and the...
TPSAMar 14, 20233 min readAre You Caring for a Disabled Family Member? Read This.Many taxpayers prefer to care for ill or disabled family members in their homes instead of placing them in nursing homes.
TPSAMar 23, 20213 min readUncle Sam May Pick Up the Cost of Your COBRA Medical CoverageThe recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up the cost of COBRA health cove