4 Little-Known Ways a Health Savings Account (HSA) Can Benefit You
There’s really no debate what so ever, a health savings account has many tax benefits and advantages for you and your family. If your current health insurance plan is a high deductible one, then an HSA can be used to pay your medical bills. It doesn’t end there though, there are several other valuable features that can create a lot of tax-free money you can use for retirement or some other worthwhile purpose.
Don’t Delay – Begin Tax Planning for Next Year’s Taxes Now
I know, I can hear you saying “But I just finished filing my 2015 taxes, isn’t this a bit early?” Our response is No, it isn’t. All too often, we tend to put the dreaded topic of taxes off until the last minute, then it’s too late. None of us want any unpleasant surprises when we file our 2016 tax returns and that is why tax planning is so important.
The best time to get organized is now when we are more able to find current tax records. We’re going to give you five useful tips that will help you to get a leg up on your 2016 taxes. Tax planning software is also available to save you time.
So far this year, it hasn’t been a very good one for proper tax planning by investors, and it’s doubtful if we will see any positive changes by the end of the year. China has been struggling with their economic slowdown and declining oil prices have hit us as well. Couple that with the US economy that is still floundering about because of inept policies from the current administration, and it’s no wonder investment portfolios have been hammered.
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