If an employer provides an HSA and the employee contributes to the HSA through payroll deduction, then in addition to HSA contributions being tax deductible for federal income tax purposes (and most state income tax purposes), the contributions are also deductible from payroll taxes, Social Security and Medicare. Currently Social …
When I was a teenager I needed a job while still in high school. I applied at the local KFC first because they had a help wanted sign out front. They hired me and I ended up working there for almost three years. While this was a minimum wage job, …
Friends and relatives I have who smoke often dismiss the cost they are paying to smoke, “It’s only a few bucks every morning at the gas station.” Few people actually do the math. At $8 per pack, a pack a day habit costs around $3,000 a year. This may not …
I came across an article last night that gave me a lot of thought, entitled $150,000 Income, $150 Income Tax. The author of the article and his wife both earn roughly $75,000 a year. They both max their 401K saving contributions to $17,500 a year. They max an HSA to …