Posts Categorized: Newsletter

Sally Lindberg & Associates November 2019 Newsletter

Health Reimbursement Arrangement Your employer may offer a benefit called a Health Reimbursement Arrangement (HRA). An HRA is a benefit whereby your employer will set aside funds to reimburse health care costs for you. This eases some of the paperwork burden on the employer and provides you just the right amount of health care benefit…. Read more

Sally Lindberg & Associates July2019 Newsletter

Tax Benefit for the Disabled The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). To establish an ABLE account, the beneficiary must be blind or disabled by age 26. The owner of the ABLE account is the beneficiary, and he… Read more

Sally Lindberg & Associates June 2019 Newsletter

Mid-year Checkup As you reviewed your tax return this year, were you surprised by the results? Many people were shocked by their balance due. So many, in fact, that the IRS implemented some penalty relief. Two things affect your balance due or refund: withholding and estimated taxes. The IRS develops withholding tables to assist your… Read more

Sally Lindberg & Associates February 2019 Newsletter

Retirement Distributions Retirement distributions are made for a variety of reasons. Depending on the facts, the result can be anywhere from a tax-free distribution to inclusion in income and additional penalties. How can you determine the likely result? Social security benefits are either non-taxable or partially taxable. Depending on filing status and adjusted gross income,… Read more