The IRS Extended Payment Deadline

The Treasury Department and the Internal Revenue Services are providing special payment relief for taxpayers Payment Deadline ExtenThe Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who…

State of California Postpones Tax Deadline

State of California Franchise Tax Board announces special tax relief Sacramento – The Franchise Tax Board (FTB) today announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020  

Health Saving Accounts and Tax-favored Health plans allowing use of pre-tax dollars for qualified medical expenses

With medical expenses constantly increasing the Internal Revenue Service provides an option to use pre-tax money to pay for medical expenses not covered by other plans. Using pre-tax dollars though available IRS programs may help offset growing health care costs. IRS Publication 969 (2018) describes available tax-favored health plans Health care Plans High Deductible Health…