Category:

Tax Savings

Are You a Veteran Who Got Disability Pay Anytime Since 1990? Read This!

Some disabled veterans will hear from the Defense Dept. about tax relief. A new law requires DOD to identify veterans who received disability severance pay after 1990 from which taxes were improperly withheld, and to notify them of their rights. IRS and DOD are sending out letters this month to nearly 130,000 eligible veterans. Those …

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Is The 105-HRA (Health Reimbursement Arrangement) Right for Your Situation

The Affordable Care Act (ACA) does not apply to a business that has only one employee. This opens the door (likely regardless of what lawmakers do with the ACA) for what we are going to call the 105-HRA. We created this name from its two predecessors: The Section 105 medical reimbursement plan The health reimbursement …

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