Preroll Test

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are usually tied to your employer, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute. To remain eligible, you generally must be covered by an HSA-eligible high-deductible health plan (HDHP) and have no disqualifying coverage.

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are generally tied to your employer, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute to an HSA.

Receiving Online Payments - Did You Know?

If you are self-employed and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may overreport your income.

Amended Tax Returns – Did You Know?

After filing their tax returns, people sometimes realize that they made a mistake like missing a deduction, adding incorrectly or choosing the wrong filing status. In some cases, fixing the mistake may require filing an amended return that shows both the originally reported figures and the corrected ones. However, for some errors, filing an amended return is not necessary.

For example, if you made a minor math mistake on your return, IRS personnel will generally just fix the error and send you a notice explaining any resulting change to your refund or tax due. Similarly, if you neglected to include a required form with your return, the IRS will typically just send you a letter requesting that form.
For other mistakes, you can use the IRS "Should I File an Amended Return?" tool (link below) to determine whether filing an amended return is required. Generally, if you need to correct anything regarding the filing status, income, deductions, credits, and tax liability.

Should I File An Amended Return? https://www.irs.gov/help/ita/should-i-file-an-amended-return