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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Switch to a high-deductible health plan. This allows you to save on monthly premiums while putting tax-free money aside in your HSA. Set a monthly saving goal and stick to it.

Taxes 72
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Open enrollment checklist for employers

Business Management Daily

The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

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New COVID relief package extends payroll provisions

Business Management Daily

Relief for health savings accounts and dependent care assistance plans. Congress has put to rest the controversy regarding whether expenses associated with loans forgiven under the Paycheck Protection Program are deductible on your corporate return. Expanded meal deduction. Temporary disaster tax relief.

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3 ideas from psychology to communicate about HSAs

Benefit Resource Inc.

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). When it comes to HSAs, your employees might not have heard of the account.

401(k) 78
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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Non taxable employee benefits refer to various perks and incentives provided by employers that are exempt from certain taxes and deductions. Tax savings for employers.