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US military says it is striking Iran in response to attack on civilian vessel in Strait of Hormuz AP NewsIran's Top Diplomat Discusses Access to Strait Without Public Commitments The New York TimesUS military says it is striking Iran in response to attack on civilian vessel in Strait of Hormuz Saturday ABC15 ArizonaIran's new supreme leader vows revenge for father's death as Trump warns against any ‘attempt to assassinate' him NBC News
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The Times says federal agents turned up on the doorsteps of several of its journalists to force grand jury testimony next week over their coverage of the Air Force One plane gifted to Trump by Qatar.
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Businessman who sold land for Kushner resort in Albania suspected of faking the deeds ReutersThe Alluring Albanian Island Inspiring Ivanka's Fantasy The New York TimesLand sold for Kushner-backed Albania resort suspected of forged deeds Al JazeeraIvanka and Jared's Luxury Resort Hit by Fresh Scandal The Daily Beast
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Trump administration subpoenas New York Times reporters over coverage Al JazeeraWhite House Directed Patel to Oversee Investigation Involving Times Reporting The New York TimesTrump administration subpoenas New York Times journalists over new Air Force One reporting The GuardianNew York Times reporters are subpoenaed after Air Force One stories, raising press freedom concerns AP News
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Black Hawk Helicopters Rescue Hundreds From Summer Camp During Floods The New York TimesMissouri flooding: Campers rescued after building collapses into floodwaters Yahoo1 dead following devastating flooding in Missouri, with more storms, heavy rain on the way FOX Weather
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Apple Sues OpenAI, Accusing It of Stealing Company Secrets The New York TimesOpenAI Engineer's ‘LOL' Moment Set Stage for Legal Fight With Apple Bloomberg.comApple sues OpenAI alleging trade secret theft, says scheme was 'at every level' CNBCApple accuses OpenAI of telling recruits to bring Apple prototypes to interviews
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Children and staff at summer camp airlifted to safety by Black Hawks The IndependentMissouri Flooding: More Than 200 Stranded Campers Rescued by Helicopter People.comMore than 200 people at a summer camp helicoptered to safe as Missouri faces flooding The Boston GlobeFlooding in Missouri Prompts State of Emergency and at Least 100 Rescues The New York Times
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Kevin Warsh will testify before Congress for the first time as Fed chair this week. Lawmakers will want answers.
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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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