IRS adjusts health savings account limits for 2018

The Internal Revenue Service released the 2018 inflation-adjusted limitations for health savings accounts Thursday. In Revenue Procedure 2017-37, the IRS said the annual contribution limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,450. For calendar year 2018, the annual limitation on deductions for an individual with family…

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Tax fraud fears on the rise in America

More than two-thirds of U.S. consumers are concerned about tax fraud and identity theft this year, according to a recent survey. Their fears are well-founded: More than one-third reported having had their identity stolen in the past. The burden of increased digitization of financial and general communication infrastructure is cyber security. While going paperless is…

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