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Understanding Health Savings Accounts

An HSA is tax-advantaged in threeways: 1. It provides an up-front tax deduction, reducing your taxable income by the amount of your contribution. 2. It allows for … See more

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URL: https://www.mydollarplan.com/understanding-health-savings-accounts/

Health Savings Accounts

WEBWe continue our in-depth look at the health care bill and how it might impact your finances. This afternoon, we’ll cover HSAs and HDHPs. I often trumpet the …

Category:  Health Go Health

Health Insurance for Young Adults

WEBOver the next two weeks, we’ll be taking an in-depth look at the health care bill and how it might impact your finances. Today, we’ll cover how the bill will change the …

Category:  Health Go Health

Save with High Deductible Health Plans

WEBWhile many of you go through open enrollment and others search for private health insurance, we thought it would be a great time to delve deeper into specific …

Category:  Health Go Health

How to Claim the Health Insurance Premium Tax Credit

WEBAs the first year of health insurance through the new health care exchanges winds down, another new challenge is just beginning. The upcoming tax season will be …

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How Much is the Penalty for No Health Insurance

WEBPenalty tax by year is the higher of: 2019 insurance penalty fee: None. 2018 insurance penalty fee: 2.5% of income or $695 per adult/$347.50 per child (up to $2,085 …

Category:  Health Go Health

Flexible Spending Account Changes on the Way

WEBFlexible Spending Accounts, or FSAs, are an excellent way to pay for healthcare expenses using pre-tax money.. If you take full advantage of FSAs (find out …

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How to Claim a Medical Expense Tax Deduction

WEBBut the one slight ray of sunshine is you may be able to deduct some of your medical expenses as well as health insurance costs while you are filing your taxes this …

Category:  Medical Go Health

How Much is the Penalty for No Health Insurance in 2014

WEBThe penalty tax for going without health insurance by year is the higher of 1% of income or $95 per adult/$47.50 per child (up to $285 per family) in 2014. For the …

Category:  Health Go Health

12 Budget Friendly Health Tips

WEBThere’s a common misconception that in order to make healthy choices in your life, you need to have money. After all, buying organic food, gym memberships, …

Category:  Food Go Health

Small Business Healthcare Tax Credits

WEBIn 2012, Small Businesses accounted for the employment of 52% of people in the United States. This means that small businesses drive a lot of the American …

Category:  Health Go Health

Budget Protests and the Financial Impact on Our Family

WEBWhile the federal budget proposal has a big impact on all of our finances, it’s our state budget bill that is hitting close to home this week. Our new governor rolled out …

Category:  Health Go Health

Mileage Deduction for Volunteering, Moving, and Medical Expenses

WEBPeople may think that the mileage tax deduction is only for employer expenses, such as traveling for your own business or using your personal car to travel …

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How to Find Class Action Settlements That Owe You Money

WEBHere are some of the current class action settlements with upcoming deadlines you might be entitled to: Best Buy Automated Phone Call: August 22, 2014. …

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Pair Balance Transfers and a 529 to Make Money on Tuition …

WEBWith tuition payments due this month, who couldn’t use a few extra dollars towards books and classes? Time to learn how to use some of our previous 0% Balance …

Category:  Health Go Health

3 Important Legal Documents for Unmarried Couples

WEBHere are 3 documents all unmarried couples need to have for the long-term. 1. A Will. Having a will is a big deal for an unmarried couple. In most states, if you pass …

Category:  Health Go Health

Is a Class Action Lawsuit Settlement Taxable

WEBAccording to the IRS, “An award is generally taxable, unless it is specifically excluded from income by law or constitutes a return of capital.”. Whether or not your …

Category:  Health Go Health

How Much Do Reality TV Stars Get Paid

WEBHow Much Do Reality TV Stars Make? People are making livings from reality television; a great example is Megan Hauserman, who has gone on 5 different reality …

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12 Things to Stop Doing to Save Money Right Now!

WEBIf you are driving somewhere, research what’s the most efficient way to get there to use less gas. Eating junk food. Chips, candy, and other junk food is not only …

Category:  Food Go Health

Payoff Your Mortgage with a Credit Card

WEBHe paid off $38,598 of his 6% mortgage with the 2 credit cards (he used a Countrywide card and a Commerce card at the time), leaving $62,000 on his mortgage. …

Category:  Health Go Health

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