HSAs

The earlier they begin planning, the easier it'll be to avoid a big tax hit.

The number of health savings accounts has topped 25 million, and employer contributions also have increased after several years of decline.

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.

Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.

There are still several moves that clients can make to reduce their 2018 tax bill.

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

The regulator is looking into whether brokers made appropriate share class recommendations for the plans as a result of the new law.

Changing filing statuses and maxing out deductible contributions to IRAs and HSAs are some ways clients received bigger reimbursements.

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Although more taxpayers are expected to use the standard deduction, they can still claim the tax deduction for IRA contributions.

Clients can avoid tax liability on their capital gains by donating securities that have appreciated in value, an expert says.

Lawmakers and policymakers should make retirement savings plans universally available if they want to help Americans secure their golden years.

Clients will be able to contribute more to these accounts in 2019 because of changes in tax law, but choosing a plan is still no easy decision.

Premiums appear to be stabilizing finally and even dropping in some states.

IRS rules allow clients in certain circumstances to tap their retirement accounts before the age of 59 1/2 without a 10% penalty. But this still should be considered a last resort, an expert says.

Advisors must be wary of “making permanent decisions based on a temporary law,” an expert says.

The right health insurance is all that’s needed to use this triple-tax advantaged savings account.

The investment research firm debuted three new data sets that can help advisors evaluate investment options for clients.

The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.

Clients should not only check the fees, but also compare their after-tax returns.