Some business owners
can’t participate in their own companies’ HRAs
Business owners may be excluded from certain benefit plans.
Many companies now offer Health Reimbursement Arrangements
(HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer
some advantages over the perhaps better-known HDHP companion account, the Health
Savings Account (HSA). If...
Expenses that teachers
can and can’t deduct on their tax returns
What school supplies can a teacher deduct on their tax return?
As teachers head back for a new school year, they often pay for
various expenses for which they don’t receive reimbursement. Fortunately, they
may be able to deduct...
from your traditional IRA
If you’re like many people, you’ve worked hard to accumulate a
large nest egg in your traditional IRA (including a SEP-IRA). It’s even more
critical to carefully plan for withdrawals from these retirement-savings
Knowing the fine points of the IRA distribution rules can make...