HSA Eligibility Checker

HSA Eligibility Checker

Understanding HSA Eligibility: A Simple Guide Navigating the world of healthcare savings can feel overwhelming, especially when it comes to figuring out if you qualify for a Health Savings Account. These accounts are a fantastic way to save tax-free money for medical...
Small Business Tax Credits for Health Contributions

Small Business Tax Credits for Health Contributions

Offering health insurance to employees can be costly, but small businesses in Illinois may qualify for a federal tax credit to offset these expenses. The Small Business Health Care Tax Credit, introduced under the Affordable Care Act (ACA), allows eligible small...
Health Insurance Deductible Calculator

Health Insurance Deductible Calculator

Plan Your Healthcare Budget with a Deductible Calculator Managing medical expenses can feel overwhelming, especially when you’re trying to figure out how much you’ll owe before insurance steps in. That’s where a tool to estimate your health insurance costs comes in...
Medicare Premium Tax Deductions for Self-Employed

Medicare Premium Tax Deductions for Self-Employed

If you’re self-employed and enrolled in Medicare, you may be able to deduct up to 100% of your Medicare premiums from your taxable income. This deduction, available on Schedule 1 (Form 1040), applies to premiums for Medicare Parts A, B, C, D, and Medigap plans....