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IRS adjusts HSA amounts for 2025

WEBFor 2025, a "high-deductible health plan" is defined as a health plan with an annual deductible that is not less than $1,650 for self-only coverage (up from $1,600 in …

Actived: 8 days ago

URL: https://www.accountingtoday.com/news/irs-adjust-hsa-amounts-for-2025

800,000 Taxpayers Received Wrong Tax Info from Health …

WEBApproximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form …

Category:  Health Go Health

Congress Eliminates IRS Penalty on Employer …

WEBDecember 07, 2016, 3:02 p.m. EST 1 Min Read. The Senate passed legislation Wednesday eliminating a tax penalty on employers who reimburse employees for the cost of health …

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Tips for increasing the benefits and tax breaks of HSAs

WEBCurrently the maximum allowed HSA contribution in 2023 is $3,850 for individual coverage and $7,750 for family coverage, with the opportunity for an additional …

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GASB Releases Standards for Reporting Health Insurance …

WEBThe Governmental Accounting Standards Board has published two new standards aimed at improving the accounting and financial reporting by state and local …

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Accountants helping health providers cope with …

WEBAccountants are coming to the aid of doctors and health care organizations who are dealing with not only the COVID-19 pandemic and its variants, but also with …

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IRS posts medical expenses FAQ Accounting Today

WEBThe Internal Revenue Service has posted frequently asked questions that address whether certain costs related to nutrition, wellness and general health are …

Category:  Nutrition Go Health

Small accounting firms struggling with health insurance

WEBEmployee benefits provider Zane Benefits issued a report Tuesday based on a survey of its customers and also drawing on industry data. It found that CPA firms …

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Self-Insured Group Medical Plans and Their Effect on the …

WEBSelf-Insured Group Medical Plans and Their Effect on the Corporate Tax Return. IMGCAP (1)]The escalating cost of providing group medical benefits has forced …

Category:  Medical Go Health

Accountants Offer Advice on Health Insurance Exchanges

WEBErnst & Young is taking a different approach, with a webcast scheduled for Thursday afternoon on the new health insurance exchanges. EY consultants will …

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Intuit adds health insurance benefits to QBO Payroll

WEBThe move is one step closer to making QuickBooks a one-stop shop for small businesses and their accountants. QuickBooks recently conducted a survey of …

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IRS updates guidance on Obamacare tax credit Accounting Today

WEBIRS updates guidance on Obamacare tax credit. By Michael Cohn. February 25, 2022, 1:54 p.m. EST 1 Min Read. The Internal Revenue Service updated its …

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Combat employee burnout and prioritize mental health at your firm

WEBAccording to a March 2021 survey by Indeed, employee burnout has only increased with the pandemic, as more than half of respondents (52%) are feeling burned …

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IRS provides tax break for 23andMe as a medical expense

WEBThe IRS letter explained how the expenses should be divided. “On the basis of our analysis of the facts and representations provided, because ancestry services, a …

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IRS updates guidance on Obamacare tax credits

WEBIRS updates guidance on Obamacare tax credits. By Michael Cohn. February 09, 2024, 4:24 p.m. EST 1 Min Read. The Internal Revenue Service updated its …

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COSO offers guidance on internal controls for health providers

WEBThe publication, “ 2013 COSO Integrated Framework: An Implementation Guide for the Healthcare Provider Industry,” expands on COSO’s widely used internal …

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28% of accountants say work is harming mental health

WEBA recent survey from Thomson Reuters that polled professionals in the legal, tax and accounting fields found that about 28% of tax and accounting firm professionals …

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IIA Opens Specialty Center for EHS Auditors Accounting Today

WEBApril 12, 2016, 10:02 a.m. EDT 2 Min Read. The Institute of Internal Auditors has introduced an Environmental, Health & Safety Audit Center to highlight the growing role of EHS …

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BKD acquires health supply chain consultancy

WEBApril 28, 2021, 4:05 p.m. EDT 1 Min Read. BKD CPAs & Advisors, a Top 20 Firm based in Springfield, Missouri, has acquired Strategic Sourcing Results, a health-care supply …

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