29 results for "Taxes"

Taxes

How Your Federal Taxes Are Calculated

If you’re like most people, taxes feel mysterious. You see money leaving from your paycheck, but when it’s time to file taxes, you never know what to expect. Owing extra money is never fun — especially when you didn’t plan for it. If you are eager to avoid future mistakes, learning the basics may go...

Taxes

What is IRS Tax Form 8889?

Tax Form 8889 If you’re like most people, tax season is stressful. You may be eager to make sure you don’t owe money or are hopeful for a small return. The air of uncertainty can be nerve-wracking until the filing is complete. Before kicking things off, it’s critical to get organized with the necessary paperwork....

Taxes

What is IRS Tax Form 1099-SA?

When you open a health savings account (HSA), it’s hard to imagine your small deposit growing into a sizable stash. But routine savings paired with investing adds up faster than you may expect. And before you know it, there could be ample funds to draw from when you need them.

Taxes

What Happens to My HSA If I Die?

Estate planning and understanding is about as much fun as waiting in line at the DMV. However, understanding how to structure your accounts to minimize taxability for your benefactors ensure that more of your money becomes theirs. We will review the IRS tax structures and how they impact your HSA funds when you die.

Taxes

How to Keep HSAs Exempt from ERISA

As a business owner, you know there are rules to protect your employees. If you don’t follow these regulations, you may have to answer to your city, state, or the federal government. One federal law — the Employee Retirement Income Security Act of 1974 or ERISA for short — keeps an eye on your company’s...

Taxes

Five Tips While Checking Your HSA Beneficiary Form

Estate planning may be one of the least enjoyable aspects to wealth management – does anyone enjoy thinking about their demise? – and yet arguably one the most important.  Individuals can spend a lifetime building potentially life-altering sums of money, and yet by overlooking a few estate maintenance items can significantly increase their estate tax...