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The goal of between 4.5 percent and 5 percent, announced at a gathering of Communist Party leaders, was the lowest since 1991 and can offer clues about China's policymaking plans.
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Oil rallied Thursday, with U.S. prices climbing above $80 for the first time in over a year, following a report that Iran attacked a U.S. oil tanker in the Persian Gulf.
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Capital One is laying off another 1,139 employees at the former Discover headquarters in Riverwoods, a second wave of downsizing following the credit card giants' megamerger last year.
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Iranian drones hit airport in Azerbaijan's exclave as US-Israel war widens Al JazeeraIran Live Updates: Iranian Drones Fall in Azerbaijan as Crisis Spills Beyond Mideast - The New York Times The New York TimesU.S.-Israeli strikes continue across Iran; Iranian drones hit Azerbaijan NPRLive - Azerbaijan summons Iran ambassador after strike injures two in Nakhchivan ????? ??????????
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Sen. Chris Van Hollen's tax relief plan could benefit tens of millions of middle-class workers, with a focus on those making at or below a living wage.
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China Sets Economy's Growth Target Below 5% for First Time in Decades - The New York Times The New York TimesChina sets lowest economic growth target since 1991 BBCChina's Waning Growth Has Global Repercussions Bloomberg.comWhat to look out for at this year's meeting of China's legislature BrookingsChina needs a more ambitious growth target The Economist
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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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