To deduct HSA contributions from your taxable income, report contributions onForm 8889(if you use tax software, there should be a section on this) and file it with yourForm 1040return. Note that youdo nothave toitemize your tax deductionsin order to deduct your HSA contributions – you can ...
Some types of employer-sponsored health care plans also offer certain tax advantages. One example is aHealth Savings Account(HSA), which is paired with ahigh-deductible health plan(HDHP). An HSA is a type of savings account for qualified medical expenses. Contributions are "pre-tax," interest...
The Affordable Care Act makes it a shared responsibility of individuals, employers and government to ensure that as many people as possible have health insurance. The law does not require all U.S. employers to offer health insurance to their workers. Rat
The article reports on the issuance of the final regulations concerning Health Savings Account (HSA) comparability rules by the U.S. Department of Treasury and the Internal Revenue Service. The provisions require employers to contribute comparable amounts to all employees who have HSA. The ...
What’s included on Form 1095-C? The form identifies: the employee and the employer which months during the year the employee was eligible for coverage the cost of the cheapest monthly premium the employee could have paid under the plan If an ALE does not offer it...
“The new health care law says that your contributions to a health plan sponsored by your employer must be affordable for you,” says Chip Capelli, an accountant with offices in Philadelphia and Provincetown, Massachusetts. Your definition of affordable might be different from your employer’s so...