Archive | March, 2019

Health Savings Accounts: Good Medicine for Some Individuals

  Like an apple a day that keeps the doctor away, IRS-approved health savings plans help people avoid bankruptcy caused by catastrophic illnesses. The U.S. Internal Revenue Service (IRS) provides a couple of ways for people to save for future medical expenses before paying taxes on their earnings. One popular choice: Health Savings Accounts (HSAs). […]

Continue Reading

Washington Hotline – March 19, 2019

WASHINGTON NEWS IRS Tips on Protecting Your Identity In IR-2019-41, as part of a Tax Time Guide series, the Service offered specific tips for protecting personal information. Each tax season, the Service receives many complaints about con artists who steal personal information and money from unsuspecting victims. The IRS sponsors a Security Summit and regularly […]

Continue Reading

Are IRAs the same as 401(k) plans?

  Are IRAs the same as 401(k) plans? Often mistaken for one another, IRA and 401(k) plans are similar – but   not exactly the same. Besides being eligible for IRAs (Individual Retirement Accounts), working people can save some of their pay – and some tax dollars – through company-sponsored 401(k) plans. Both types of tax-deferred savings […]

Continue Reading