Special Once in a Lifetime IRA transfer to HSA

Special Once-in-a-Lifetime IRA transfer to HSA  IRS Notice 2008-51Once per lifetime an individual may make a tax-free, trustee-to-trustee transfer to their HSA from an IRA or Roth IRA, but not from a SEP-IRA or SIMPLE-IRA unless no current contributions had been made to the SEP or SIMPLE for the same plan year. The maximum qualified HSA funding distribution depends on the HDHP coverage (self-only or family) you have on the first day…  Read more

Year End Taxes – 2017

A new Tax Bill was introduced in early December and we can be sure of at least one thing: future tax rates are going to change. Because this is a year-end 2017 letter, our guidance in this letter is aimed at 2017 tax planning rather than predicting 2018, but one thing we are pretty sure of is that tax rates will be lower in 2018. The general guidance for most…  Read more

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