Are HSA Contributions Tax Deductible?
2023-08-08 13:41
Medical costs can add up, depending on the treatments you get and how often you need medical care. Even if you have insurance, you’ll probably have expenses you need to pay for out of pocket.
The...
How Medical Expense Deductions Can Lower Your Tax Bill
2023-06-01 13:36
One category of expenses that could lead to tax savings is healthcare. The average spending per person on healthcare expenses was $12,914 in 2021, up 2.7% year over year.
The IRS allows deductions fo...
US Treasury's 2024 Proposals Reveal IRS Enforcement Focus
2023-05-23 08:52
Mark Martin and Thomas Bettge of KPMG in the US discuss enforcement-related proposals in US Treasury’s latest Green Book, and how they would change the tax compliance and enforcement landscape for lar...
IRS Has More Than $1.5 Billion in Unclaimed Tax Refunds
2023-03-30 16:30
The IRS may have your money. The tax agency has announced that more than $1.5 billion in outstanding refunds remain unclaimed from the 2019 tax year. The agency estimates that more than 1.5 million ta...
Are Dental Expenses Tax Deductible?
2022-06-20 12:29
Dental costs can certainly add up. Major procedures like dental implants and full-mouth periodontal surgery can cost thousands of dollars. But even regular treatments can be expensive if you don’t ...
