October 5, 2021
Hi There!

Year-end tax planning is more important than ever this year. Contact us or call 203-933-1679 to arrange a meeting or a Zoom when we can discuss year-end tax planning considerations, including the Above-the-Line Charitable Contribution Deduction, required minimum distributions, child tax credit, qualified medical expenses and other areas of concern and importance to you. 
 
Thank you.

Rich Pavano, CPA
Am I eligible for a health savings account?
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are the main tax benefits:

  • Contributions made to an HSA are deductible, within limits,
  • Earnings on the funds in the HSA aren’t taxed,
  • Contributions your employer makes aren’t taxed to you, and
  • Distributions from the HSA to cover qualified medical expenses aren’t taxed.

Read our latest blog post to discover if you are eligible.
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