HSAs

Employees still don’t know the basics of using and saving with a health savings account, according to Fidelity Investments.

The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.

Employees should first max out HSA contributions regardless of their tax bracket, and contribute to their traditional retirement plans afterwards.

HSAs can address future costs, they’re triple tax-free, integrate with existing plans and can boost employee recruitment.

No change was announced to the HSA catch-up contribution limit but married couples need to look into the details.

Employees should first max out HSA contributions regardless of their tax bracket, and contribute to their traditional retirement plans afterwards.

The annual limit on deductible contributions to a health savings account will jump by $50 for individuals and $100 for families.

Many workers aren’t using their pre-tax dollars as wisely as they could. But employers can help them avoid inappropriate care with tools that support informed medical decision-making.

The annual limit on deductible contributions to a health savings account will jump by $50 for individuals and $100 for families.

A $50 deduction was announced due to a change in the inflation adjustment calculations for 2018 under the Tax Cuts and Jobs Act.