The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

Health savings accounts can be valuable components of savings toolkits, especially for those who can afford to pay actual healthcare expenses out of pocket.

In today’s episode of the HiFi Health News Podcast, Erika Grotto brings you a special two-for-one discussion with Shawn Stack ...

HSAs provide employees with significant advantages, which HR needs to consistently emphasize to help employees manage ...

It’s no secret that healthcare will likely be one of your larger expenses once your career ends and your retirement plan ...

Savings accounts help you earn money and prepare for financial rainy days. They also protect your savings from loss due to bank failures, fire, theft, and more. But if you're earning interest on a ...

If investors are able to pay out of pocket for healthcare costs and allow their HSA accounts to grow, the HSA assets can better harness the power of compounding, and the tax benefits are also more ...

New analysis highlights the potential wealth you can amass in a health savings account, but there are plenty of caveats.

Namely that you pay zero income tax on the money you contribute to your HSAs, the growth of that money as it sits in the ...

HSAs offer more than just tax advantages for medical expenses. You can also invest any idle cash into various investments for ...

An individual can enroll in an HSA through an employer-sponsored benefit or individually, as long as they are enrolled in a qualified high-deductible health ... account holder is ever audited by ...

Today’s employees, especially those who are early into careers, are looking for employers to help support them beyond saving ...