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How does a Health Savings Account (HSA) Work?
Health Savings Account (HSA) work together with an HSA-eligible health plan. If you're enrolled in this type of health plan, you can make pre-tax contributions to an HSA, allowing you to pay for qualified medical expenses tax-free. This can help create a cash cushion...
Mortgage Rates Near 20-Year Highs
๐ Mortgage rate races toward 8% after hitting a high not seen since late 2000. The average rate on the popular 30-year fixed mortgage rose to 7.72%, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year Treasury, which has been...
Did You Know the IRS Website Offers Helpful Resources for Taxpayers?
The Internal Revenue Service (IRS) encourages taxpayers to visit IRS.gov for tips, tools and resources to help them prepare to file their 2023 federal income tax return. The Get Ready to File Your Taxes page on IRS.gov outlines steps taxpayers can take now to make...
Things to Do Before Tax Day
Happy New Year to all! โค Whether you're taking a well-deserved break or you've already got your New Year's resolutions in gear, taxes may be on your mind. You should already have an idea of what you will have to pay on tax day. If you don't have it and don't want to...
Did You Know Donations Offer Tax Advantages?
๐ December is a generosity season, and if you feel the need to make donations this year, you may be rewarded with tax advantages. If you donate to an organization that meets the requirements of section 170(c) of the tax code, you can deduct that charitable donation...
Busting BOI Report Myths
You've probably heard about BOI (Beneficial Ownership Information), but don't quite know what it's all about, or how it can affect your company. ๐ Don't worry, we'll answer some of your questions here - let's get started! ๐น What is BOI reporting? โ The Beneficial...