|
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
|
|
Most founders fail at SEO not because they skip steps, but because they run them in the wrong order. Here's the 10-step sequence I follow with every client — and how to run it yourself.
|
|
A Microsoft exec says that they are responding to security threats faster than before and that other companies should follow suit.
|
|
A bidding war has broken out for EasyJet, the British low-cost airline, with the second American private-equity bid.
|
|
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
|
|
