HSAs

Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.

The Internal Revenue Service issued a ruling allowing a taxpayer to use a tax-advantaged flexible spending account to pay for the medical portion of an ancestry test.

High-deductible plans can now offer a number of new preventive care benefits.

The Internal Revenue Service has issued the inflation-adjusted limits for health savings accounts for next year.

In today’s age of lost tax deductions many accountants are looking for new tax deductions they can offer their clients.

The House approved a repeal of the Affordable Care Act’s medical device tax, along with a bill that prohibits the IRS from rehiring any employee who was fired for misconduct.

The bill would allow taxpayers to treat the amounts paid for membership at a fitness facility as medical expenses.

The Internal Revenue Service has issued a revenue procedure providing the 2019 inflation-adjusted amounts for HSAs and high deductible health plans.

The Internal Revenue Service is granting relief to taxpayers who have family coverage under a high deductible health plan and who contribute to a health savings account.

There may soon be three more letters in your employer’s alphabet soup of benefit plans. Those letters are HSA, which stands for health savings account, and they can bring tax advantages at a time when you could use them the most.