HEALTH SAVINGS ACCOUNTS OFFER TAX BREAKS
Article Highlights:
Health Saving Accounts Tax Breaks
Eligibility
…
MEDICAL ITEMIZED DEDUCTIONS LIMITED
The itemized deduction for medical expenses are limited in the…
ALCOHOLISM & DRUG ADDICTION
Article Highlights:
Potential medical deductions
Medical…
INCREASED TAX ON NONQUALIFYING HSA OR ARCHER MSA DISTRIBUTIONS
The additional tax for HSA withdrawals for other than qualified…
EMPLOYER TAX-FREE MEDICAL BENEFITS AVAILABLE TO CHILDREN UNDER AGE 27
Health coverage provided for an employee's children under 27…
LARGE EMPLOYER HEALTH COVERAGE EXCISE TAX
Applicable Large Employers (ALEs), generally those with 50 equivalent…
PENALTY FOR NOT BEING INSURED
Non-exempt U.S. citizens and legal resident taxpayers will be…