Today TaxMama® hears from Paul in the TaxQuips Forum, who says. “On my W-2 why does Code W say “Employer contribution to HSA” when it is the employee who made the contributions?https://www.natas.co.uk/dev/wp-content/languages/new/personal-statement-writer.html ”
Tag Archives: Health savings account
Today TaxMama® hears from Front9532 in the TaxQuips Forum, who wants to clear up something confusing. “Both my wife and I have Health Savings Accounts (HSA accounts). In 2012 our health insurance plan qualified as a High Deductible Family Health Plan. I am ineligible to make a contribution to my plan since I am over […]
Courtesy of the Internal Revenue Service WASHINGTON — For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions.
Today TaxMama® hears from Ming in the TaxQuips Forum who wants to be creative. Let me summarize. Both his and his wife’s employers offer health care coverage. However, if they add a spouse, they have to pay. Here’s what he’d like to do: “Is it possible to have one of us enroll in one company’s […]
Courtesy of the IRS If you, your spouse or dependents had significant medical or dental costs in 2011, you may be able to deduct those expenses when you file your tax return. Here are eight things the IRS wants you to know about medical and dental expenses and other benefits.
Today TaxMama hears from Tawfiq in the TaxQuips Forum with questions. “Can I deduct my qualified medical expenses with other itemized deductions if I used HSA funds to pay them? And where can I find health insurance that specifically qualifies as an HSA (Health Savings Arrangement)?
Today TaxMama hears from Magdalena in the TaxQuips Forum with a puzzler. “I would like to know if I can take the Health Savings Account Deduction on my 1040 if I’m a S-corp owner?”
IRS Releases Draft W-2 Form for 2011; Announces Relief for Employers WASHINGTON — The IRS issued a draft Form W-2 for 2011, which employers use to report wages and employee tax withholding. The IRS also announced that it will defer the new requirement for employers to report the cost of coverage under an employer-sponsored group […]
[Reprint of an article from Dec. 2004] Numbers updated 11/24/2019 Finally, a tax advantaged health care program that cuts across all income levels and lifestyles – the new Health Savings Accounts (HSAs) – a real boon for people who pay for their insurance coverage. The HSAs slipped into December 8th The Medicare Prescription Drug Improvement […]
Today TaxMama hears from Carole in Washington State, with a good question. “My husband and I are principals in a WA state LLC that files as an S Corp. We both have high deductible Health Savings Accounts.http://wsbarberschool.com/wp-content/languages/new/business-plan-generator.html Is there any benefit to paying premiums through the company since it would go on our W-2s as […]
Today TaxMama hears from Erin in Washington State who wants to know. “According to the Tax Relief and Health Care Act of 2006, it seems that you can fund your HSA even you have a very good low deductible insurance plan. Is that true? My husband works for Microsoft and we have one of the […]
Today TaxMama hears from Jo Ann in Missouri, who asks, “Where can I find information about those medical savings accounts where you deposit an amount to use for medical expenses?buy canadian vardenafil online https://mabvi.org/wp-content/languages/new/canadian/vardenafil.html no prescription ”