The savings limits for the ever-popular health savings accounts (HSA) are now set for 2020. The new limits are outlined here with current year amounts noted for comparison.

Have you thought about opening a health savings account (HSA)?

The savings limits for the ever-popular health savings accounts (HSA) are now set for 2019. The new limits are outlined here with current year amounts noted for comparison.

August 2017

In this Issue:

• The Most- and Least-Taxed States for Retirement
  The Most- and Least-Taxed States for Retirement
• Be a Smarter Renter
• Is Your HSA a Retirement Tool?
  The Good, the Bad and the Ugly
• Don't Forget to Review Your Insurance

This Month:

• September 4th:Labor Day

 Hope you're having a great summer. This month's newsletter overviews the different kinds of state and local taxes that may impact your choice of where to live during retirement. It also looks at the pros and cons of using a Health Savings Account as a tax-advantaged savings tool. There are some tips for conducting an insurance self-review, and advice on becoming a smart renter.

As always, feel free to forward this newsletter to anyone who may benefit.

IRS Announces 2016 HSA Limits

The 2016 inflation-adjusted amounts for health savings accounts (HSAs) have been released by the IRS. Individuals will be allowed to...

2016 Health Savings Account Limits

The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2016. The new limits are outlined here with current year amounts noted for comparison purposes.

What is an HSA?

An HSA is a tax-advantaged savings account to pay for qualified health care costs for you, your spouse, and your dependents. When contributions are made through an employer, they are made on a pre-tax basis. There is no tax on

2015 Health Savings Account Limits
The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2015. The new limits are outlined here with current year amounts noted for comparison purposes.

What is an HSA?

An HSA is a tax advantaged savings account to pay for qualified health care costs. The contributions are made on a pre-tax basis. There is no tax on the funds contributed, the interest earned, or investment gains as long as the funds are used to pay for qualified medical, dental, and vision expenses. To qualify for this tax-advantaged account you must be enrolled in a “high deductible” health insurance program as defined by HSA rules.

In this issue:

• Planning: Leverage Kiddie Tax Rules
• 2015 Health Care Savings (HSA) Account Limits Announced
• Virtual Currency is Property per IRS
• Check your Credit ...Change your Passwords

The Month of May:

• May 11^th:
• Mother's Day
• May 26^th:
• Memorial Day

With the 2013 Tax filing season behind us, the 2014 tax planning season is just beginning. Included this month are two areas where advanced planning can reduce your tax bill. There is also an update from the IRS on the tax treatment of virtual currencies like Bitcoin for those of you using or contemplating their use. A checklist of ideas on how to improve security of your identity rounds out this month's newsletter.

Should you know of someone who may benefit from this information please feel free to forward this newsletter to them.