Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

Medical bills can be ridiculously expensive. Anyone who's ever broken an arm, had a baby, spent time in the emergency room, ...

In our ongoing series to see how generative AI responds to technical financial questions, we recently posed a relatively ...

Scenario 1: Assume Tom takes a distribution from his IRA on Dec. 1, 2025. That distribution is “early” and, therefore, ...

HSAs and FSAs offer tax benefits for healthcare expenses. Understand the differences, including portability and investment ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of ...

withdrawals are tax-free. Some HSAs invest in stocks, mutual funds or exchange-traded funds, and the gains they notch over time are also tax-free. It’s a three-bagger come tax time. As with IRAs, you ...

Established in 1997, the Roth individual retirement account has long been a favored option for retirement savings due to its promise of tax-free withdrawals in retirement. Roth IRAs have a five ...

Form 5329 is an attachment to the federal income tax return that must be filed by ... a health savings account (HSA), or an education savings account. Received taxable distributions from an education ...

Understanding taxation rules, exemptions, and strategic withdrawal planning can help minimize tax liabilities and maximize financial benefits. The Employees' Provident Fund (EPF) is a crucial ...

Contributions to an HSA earn a tax deduction, and earnings within the account grow tax-free. When used for qualifying healthcare expenses, which is a fairly broad category, withdrawals are tax ...

The HSA should logically come after withdrawals from taxable accounts and traditional IRAs and 401(k)s. That’s because HSAs enjoy tax-free compounding and withdrawals are tax-free for qualified ...