The end of 2015 is getting closer every day and now’s the time to start planning how to cut your tax bill for 2016. You have several ways, but one of the best is to take advantage of tax-friendly savings and spending accounts like a 401(k), Flexible Spending Account (FSA), or Health Savings Account (HSA). Contributing to these accounts helps you save for retirement and pay for healthcare and dependent care expenses. These accounts also provide important tax savings that add up. Let’s break down the benefits and qualifications for each account.read more
Getting ready for the holidays is on the minds of many, but it’s also time to think about your healthcare options for 2016. If you have coverage through your employer, you’re good to go. If you’re shopping for coverage, here’s some important information you should know about the federal Exchange.read more
Before now, the penalty for not getting health insurance was pretty paltry: $95 or 1 percent of the taxpayer’s income in 2014. The penalty got our attention in 2015, growing to $325 or 2 percent of income this year. But next year, 2016, things get serious.read more
We won’t take a lot of your time, but there’s a reminder we need to give you – just in case it slips by unnoticed. Consider it our version of the sticky note on your refrigerator door.
It’s about health insurance. The reminder isn’t about reporting your coverage – it’s about getting it.read more