Just a high deductible isn’t enough. Health insurance plans must meet other criteria to become HSA-eligible.
OTC drugs Nasacort and Flonase can be just as effective as prescription drug Nasonex at 1/10th the cost.
A high-deductible health plan motivates consumers to find lower cost prescriptions.
See how TurboTax, H&R Block, and TaxACT software handle the complex calculations for self-employed health insurance deduction and the premium tax credit under the Affordable Care Act.
The IRS provided guidance on how to solve the circular reference math problem between the premium subsidy under Obamacare and the health care premium deduction for the self-employed.
The difference between Flexible Spending Account (FSA), Health Savings Account (HSA), and Health Reimbursement Account (HRA), and when you should choose which.
If you are self-employed, you can potentially get both the subsidy tax credit and a deduction for your health care premium under Obamacare, but calculating the numbers can be tricky.
If you can’t qualify for the premium subsidy under the ACA, if may be helpful to bunch up your income.
This year’s flu shot campaign seems to have started earlier than previous years. My employer had the on-site flu shot clinics in mid-September. I got the email from HR but I didn’t pay attention to the dates. I thought it would be later in October or November; so I missed the on-site dates. Grocery stores, […]
This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision you make has tradeoffs. The tradeoffs affect the final outcome in ways you can’t know for sure. I […]
The Obama budget proposal is officially released last week. The proposed tax related changes are further explained in a Green Book. $3 Million Cap On Retirement Accounts First on the proposed $3 million cap on retirement accounts (p. 175 in the Green Book PDF), it’s not exactly $3 million, but actually an amount enough to […]
[This is a guest post from Bogleheads investment forum participant Bob’s not my name as a follow-up to his previous post How to Save $4,000 in Your Graduation Year — Part 1: Taxes.] In Part 1, we looked at the weird stew of education credits and deductions the government has cooked up. The government’s meddling […]