Ari, If you've got any clients deeply concerned about their overabundance of money causing tax issues for them, they can just send that money my way. I'm here to help.
Wish i had an HSA but i have the terrible problem of my company offers good insurance. It totally sucks 😂. I do the FSA but usually just up to the roll over amount unless i know i have some expenses like glasses So jealous of those who have an HSA and use it properly. I watched Jame's video on it and it sounds like a dream account
@gbski43 The IRS allows for a rollover (they call it a carryover) from year to year of 20 percent of the contribution amount. So for your 2025 FSA you can rollover up to $660 to 2026 if you dont use it. So I would at least do $660 for 2025. You can search FSA carryover or your FSA paperwork for more information but that amount isn't "use it or lose it"
You did leap over the limitation of HSA being available only if you have high deductible health insurance account. I have limited knowledge on this so there may be other ways of getting this beyond being part of an employer health plan.
Great Video!
Ari, If you've got any clients deeply concerned about their overabundance of money causing tax issues for them, they can just send that money my way. I'm here to help.
Glad I have someone to refer to :)
Wish i had an HSA but i have the terrible problem of my company offers good insurance. It totally sucks 😂. I do the FSA but usually just up to the roll over amount unless i know i have some expenses like glasses
So jealous of those who have an HSA and use it properly. I watched Jame's video on it and it sounds like a dream account
How can you roll over an FSA?
@gbski43
The IRS allows for a rollover (they call it a carryover) from year to year of 20 percent of the contribution amount. So for your 2025 FSA you can rollover up to $660 to 2026 if you dont use it. So I would at least do $660 for 2025. You can search FSA carryover or your FSA paperwork for more information but that amount isn't "use it or lose it"
You did leap over the limitation of HSA being available only if you have high deductible health insurance account. I have limited knowledge on this so there may be other ways of getting this beyond being part of an employer health plan.
Where can I get a comparison of state and ex-pat (including Porto Rico) tax implications ?
@@scottbaker9066 you can use the software in the academy to model out state and out of state (non US) tax implications.