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Live updates: U.S. and Iran to continue talks after tensions escalated over Strait of Hormuz CBS NewsTrump says US, Iran agree to continue talks but ceasefire over ReutersTrump Says Negotiations With Iran Will Continue as U.S. Ramps Up Strikes The New York TimesTrump says the Iran ceasefire is ‘OVER.' What now? CNNU.S. and Iran exchange intense new attacks after Trump says ceasefire is ‘over' NBC News
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U.S. Citizen Tests Positive for Ebola in Democratic Republic of Congo The New York TimesSee more headlines & perspectives on Google News
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15 Indian tourists were killed after a speedboat capsized in southern Vietnam AP NewsVietnam speedboat capsize: 15 Indian tourists killed with dozens rescued BBCBoat Carrying Dozens of Tourists Capsizes in Vietnam The New York TimesSpeedboat accident in southern Vietnam kills 15 Indian tourists Al Jazeera
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The Justice Department is seeking to compel testimony from reporters who wrote about the new Air Force One. The Times called the move a "brazen act."
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Mexican builder fatally shot by an ICE officer is mourned after making a life in the US AP NewsLorenzo Salgado Araujo's passengers dispute ICE's account of his fatal shooting, their attorney says Houston Public MediaICE Killing in Houston Puts Focus on Surge in Immigration Arrests The New York Times
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Hundreds of thousands evacuated as Typhoon Bavi barrels towards China ReutersTyphoon Bavi batters Taiwan, Japan DW.comBrunt of storm expected today Taipei TimesChina's Wenzhou braces as Typhoon Bavi nears YahooSuper Typhoon Bavi hammered Rota, Guam, US Northern Mariana Islands at category 5 strength The Weather Channel
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Graham Platner Files Paperwork to Withdraw From Maine Senate Race The New York TimesDemocrats Haunted by Biden-Harris Switch as They Replace Platner in Maine The New York Times‘No one planned for this': The rapidly-evolving 18-day primary to replace Platner PoliticoGraham Platner officially withdraws from the Maine Senate race NBC NewsIt's not me, it's them: Platner goes down snarling with graceless exit video The Guardian
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Mikel Merino stars again as Spain edges Belgium 2-1 in the World Cup quarterfinals AP NewsMerino sends Spain to the semis, but La Roja need more from wasteful attack ESPNSpain pounce on Lammens error to make semi-final with France. Is it the real final? Was Courtois exit key? The New York TimesSpain reaches World Cup semifinals as Mikel Merino delivers late winner vs. Belgium Yahoo Sports
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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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