Inflation Increases 2025 Amounts for Health Savings Accounts
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The IRS has recently issued the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These annual adjustments, based on inflation, are announced earlier than other inflation-adjusted amounts to give employers adequate time to prepare for the upcoming year. Fundamentals of HSAs At Accavallo & Company, we understand the importance of HSAs in your financial planning. […]
Unlocking Tax Benefits: How Nonprofits Can Benefit from the Inflation Reduction Act
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When the Inflation Reduction Act (IRA) was enacted in late 2022, many tax-exempt organizations may have overlooked its potential benefits assuming it was irrelevant to them. Contrary to this belief, the IRA offers provisions that can be advantageous for tax-exempt entities. Let’s delve into the details to explore how your nonprofit can leverage these tax […]