When you are a resident of California or New Jersey, having an HSA and especially investing in the HSA require extra tax reporting. Here’s how to do it.
The IRS gave taxpayers flexibility in treating the 2018 HSA contribution limit for family coverage as $6,900 or $6,850.
A solo 401k is still a 401k. Know all the rules and keep it as simple as possible.
Do you taxes by the book. It’s the law and it’s the right thing to do. Say no to aggressive tax tactics even though you may get away.
Prepaying property tax is deductible in 2017 only if the tax is already assessed.
Making mortgage payment due on Jan. 1 in December will lower your taxes if you will switch from itemizing to the standard deduction.
Losing the state income tax and property tax deductions isn’t a big deal even for someone with a high income in a Blue State.
HSA contribution limit gets more complicated when a married couple are on different health plans or when they change insurance plans during the year.
A graphical illustration for what happens when you recharacterize an IRA contribution or conversion.
People aren’t looking for the easiest way to file their taxes. They are looking for ways to pay the least amount.
A graphical illustration of what happens when you do a Roth IRA conversion.
The qualified HSA funding distribution is practically useless.