Tax Breaks for the Elderly

Tax Breaks for the Elderly

Getting older has its perks, including tax breaks. Your income threshold for filing a tax return at all is higher, you get a bigger standard deduction and you can defer or avoid taxes on more money. Below are the details of some tax breaks you’ll qualify for...
IRS Adjusts HSA Limits for 2022

IRS Adjusts HSA Limits for 2022

As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans. The figures for 2022: Self-only: $3,650 (a $50 increase from 2021). Family: $7,300 (a $100 increase from 2021). According to the...