Tax Deductible HRA and HSA for Parents to Offer Nannies Providing benefits for your nanny is a great way to keep her long-term. Benefits that you may want to offer your nanny include: paid vacation (2 weeks minimum); paid Federal holidays (at least six days including New Years Day, Memorial Day, July 4, Labor Day, […]
Traditional Health Insurance Versus a Health Savings Account Some of the advantages to a Health Savings Account (HSA) are that the contributions to an HSA are tax deferred, the interest it accumulates is tax deferred, and when funds are withdrawn for qualified medical expenses, no taxes are due on those withdrawals. So, there is no […]
2009 Health Savings Account Contribution LimitsBy Adam Hyers Yesterday we discussed Health Savings Accounts (HSA). With a new year comes increased amounts that health savings account (HSA) owners may contribute to their plan. HSA’s contribution amounts will differ depending on whether the insured owns an individual or family plan. Contribution Limits for 2009The individual contribution […]
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