by Marilou Davido | Oct 25, 2022 | Resources
Defined benefit plans offer guaranteed salary-like payments and were historically offered to entice workers to stay with one company for years or even decades. It is a qualified employer-sponsored retirement plan with certain tax benefits under the law. The plans are...
by Marilou Davido | Oct 11, 2022 | Resources
A high deductible plan (HDHP) can be combined with a health savings account (HSA), allowing you to pay for certain medical expenses with money free from federal taxes. For 2022, the IRS defines a high deductible health plan as any plan with a deductible of at least...
by Marilou Davido | Oct 4, 2022 | Resources
Employee benefits are any benefits provided to employees in addition to their base salaries and wages. A complete employee benefits package may include health insurance, life insurance, paid time off (PTO), profit sharing, retirement benefits, and more. Simply put,...
by Marilou Davido | Sep 21, 2022 | Resources
Generally, a transfer to a spouse who is a citizen of the United States isn’t subject to federal gift tax because there is an unlimited deduction for transfers to a U.S. citizen spouse. However, a transfer to a former spouse isn’t generally eligible for a...
by Marilou Davido | Aug 29, 2022 | Resources
Did you know I bonds, and EE bonds are used to help fund college? Visit Treasury Direct to learn about savings bonds that qualify for the education tax exclusion, and more. Learn...
by Marilou Davido | Aug 25, 2022 | Resources
Do you have questions regarding your 529 Plan? Visit Edvest’s FAQ page and learn what to do if your child chooses not to attend college, how 529 Plans vary, and ways to transfer account ownership! Learn...
