Tag: HSA

Blog Series: Tax Law Changes & Updates for 2023

January 23, 2024

  The 3rd series in our blog post will cover retirement savings, long-term care insurance premiums, HSAs (health savings accounts) and FSAs (flexible spending accounts). Retirement savings: Good news for retirees!  The beginning age for taking required minimum distributions (RMDs) rises to 73 from 72 for owners of traditional IRAs, 401(k)s and other workplace retirementRead more…

Record-High 2024 HSA Contribution Limit

November 30, 2023

The IRS says health savings account (HSA) contribution amounts are going way up for 2024. Here’s what you need to know. Health savings accounts (HSAs) offer a tax-advantaged way to save money to pay for certain medical expenses. Your HSA contributions are tax-deductible, so they potentially help reduce your taxable income. But contributions to yourRead more…

End of Year Tax Planning Tips

September 30, 2020

Ever feel like time is passing by in a flash? The passing days and change in seasons usually signals the end of the year is near. Are you ready to take on tax planning for the end of 2020? PPL is here to help by providing some planning tips for you. Contribute to a HealthRead more…