Medical savings accounts are a tax-advantaged way to save and pay for medical expenses that are not covered by typical health insurance plans. The four types of accounts are: ● Flexible Spending Accounts (FSA) ● Health Savings Accounts (HSA) ● Health Reimbursement Accounts (HRA) ● Medical Savings Accounts (MSA) All four accounts have different requirements […]
Death and taxes are the only two constants in life. April 15 is therefore a dreadful day for most people. This ominous date on the calendar doesn’t have to be ominous or overwhelming. You can reduce stress and improve your financial future simply by getting a jump on your tax preparation early. Here are some […]
The last thing you probably want to think about when holiday cheer is in the air, is your upcoming taxes. However, it can be a great time to implement a few last-minute tax strategies that will maximize your deductions for past year and minimize your upcoming tax bill. Use these easy to understand last-minute tax […]
Everyone knows about the tax deduction for mortgage interest paid on your mortgage, but what other tax advantages are there to owning your own home? One challenge of home ownership that is rarely discussed is the tax laws around points on your loan, cost basis, etc. Just a modicum of knowledge can easily clear up […]
It’s important to submit your health to a medical check up often to find out how you’re doing. Your financial life is no different. This is how you can make course corrections that ensure that you’re remaining on the path to success. Your fiscal health effects your total sense of well-being, including self-confidence and happiness […]
Financially Fit Formula