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Proposed Regulations Regarding HSAs
The Internal Revenue Service (IRS) and the U.S. Treasury Department have issued Proposed Regulations regarding Health Savings Accounts (HSAs).
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HEART ACT (Heroes Earnings Assistance and Relief Tax Act) Signed Into Law
The Heroes Earnings Assistance and Relief Act of 2008, which was recently signed into law by President Bush, is a new law whose purpose is to address the payments made to individuals who have been called to active military service.
Read more … HEART ACT (Heroes Earnings Assistance and Relief Tax Act) Signed Into Law
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IRS Announces Mid-Year Increase in Mileage Rates for Transportation to Obtain Medical Care
Due to recent gasoline price increases, the IRS has announced in Announcement 2008-63 dated June 24, 2008, an eight-cent mid-year increase in the standard mileage rate for calculating the cost of using an automobile to obtain medical care.