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…