Here’s a new tax prescription for medical expenses
The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that’s only part of […]
Planning for Aging Parents: 5 Tips for the Sandwich Generation
The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. As a […]
How To Use An HSA As A Retirement Savings Tool
There is a wide range of plans to help save for retirement. But one type of plan is ideally suited to serve a dual purpose: a Health Savings Account (HSA). […]
Take Note: Changes To Itemized Deductions For 2013
When adding up deductions for your 2013 federal income tax return, be aware of two changes to Schedule A (Itemized Deductions). Medical expense floor. On this year’s return, you can […]
Plan Ahead To Maximize Medical Expense Deductions
Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible — but only to […]
The Health Care Laws Will Affect 2013 Taxes
As you wrap up your 2012 federal tax return and begin to assess 2013 in light of new rules, it’s time to remember some older ones: the health care laws […]