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Trump imposes 15% tariff on key chip material to counter China BBCTrump Issues Tariffs on Key Ingredient for Electronics and Solar Panels The New York TimesTrump unveils trade actions to compete with China on solar and chips ReutersUS Weighs Delayed Collection of Planned Polysilicon Tariffs BloombergTrump to Impose 15% Tariff, Set Minimum Prices on Solar Panels and Components WSJ
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Detectives say Spokane fire suspect confessed to planning 'powerful, beautiful' blaze weeks in advance spokesman.comCourt records: Arson suspect admits to setting Old Trails Fire, 25 other fires since last summer KREMMan charged with arson in Spokane, Washington, told police he planned wildfire for weeks AP News"It's going to be weeks," Sheriff gives update on how long evacuations are expected to stay in place KXLY.com
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UEFA maintains World Cup boycott threat after Gianni Infantino's crisis meeting apnews.comUEFA stands by World Cup boycott plans despite FIFA, Gianni Infantino apology espn.comEuropean nations say World Cup boycott is still on, keeping FIFA's Infantino in limbo NPRGianni Infantino fights on as FIFA president after leadership backing. So, what now? The New York TimesCana
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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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Assets in these model-portfolio investment kits surpassed $4 trillion to reach a new high; investors wondered how U.S. companies will use their large cash piles, and buy now, pay later payment stocks got a boost from retailer adoption of the digital services.
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