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Dine and Give

Tax season is in FULL EFFECT. One of the ways we get through is weekly lunch breaks together to recharge and refuel. Since today is Jersey Mike's #dayofgiving we decided to dine AND give. If you have a sub craving today, swing on over to Jersey Mike's to be a part of their contribution to over 170 charities across the country. Giving back is important to us and we love to help any way we can, large or small. @jerseymikes #dayofgiving #taxseasoncravings "On March 28, Day of Giving, we give to give by donating 100 percent of sales to our more than 170 charity partners nationwide,” said Peter Cancro, founder and CEO, Jersey Mike’s. “The opportunities to give are all around us so please seek

HSA Limit Decreased for Families

The family contribution maximum is being adjusted downward to $6,850 (from the previously announced limit of $6,900). This change may affect current and future contributions to HSAs. Please make any necessary adjustments to future contributions to accommodate the change. If you have already fully contributed for 2018, you may need to initiate an excess contribution removal. The IRS initially released the 2018 cost-of-living adjustments for Health Savings Accounts (HSAs) in May 2017. However, the passing of the Tax Reform Bill led to a recalculation of the limits. HSAs are subject to annual adjustments. HSA limits consist of the contribution limits, minimum deductible requirements and maximum

Tax Refund Scam Gets New Twist

The IRS has warned of a new refund scam in which criminals deposit fraudulent tax refunds into an individual's bank account and then attempt to reclaim the funds. Their 4-step process: (1) hack computers to steal taxpayer data (2) use the stolen information to file fraudulent tax returns (3) have the refunds deposited into the taxpayers' bank accounts (4) tell the victims the money was mistakenly deposited into their accounts and ask them to return it Criminals may pose as debt collection agency officials acting on behalf of the IRS, or the taxpayer may receive an automated call purportedly from the IRS. Read more here: https://www.forbes.com/sites/kellyphillipserb/2018/02/13/irs-issues-urge

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