Understanding Tax Terms: Health Savings Accounts (HSA)

2024-03-05T20:51:11-05:00May 26th, 2023|Taxes|

If Benjamin Franklin were alive today, his famous quote Nothing is certain, except death and taxes might include a third item — paying medical expenses. Fortunately a health savings account (HSA) is a great way to cut your spending on medical expenses. A major tax break If you have a high deductible health insurance plan (a [...]

Improve Next Year’s Tax Situation Now!

2024-03-05T20:56:27-05:00May 12th, 2023|Taxes|

Whether you receive a big refund or pay your taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary. Update paycheck withholdings and forecast estimated tax payments. Reviewing and updating withholdings now gives you several months to spread out the tax impact [...]

Make Your Child’s Summer Break a Tax Break

2024-03-05T20:59:07-05:00May 5th, 2023|Taxes|

As a busy working parent, you may be concerned about what activities are available for your kids this summer. There may be a solution that’s also a tax break: summer camp! Using the Child and Dependent Care Credit, you can be reimbursed for part of the cost of enrolling your child in a day [...]

Go to Top