Tag: savings

The IRS Announced Today The 2022 Limits for HSAs and High-Deductible Health Plans

May 11, 2021
The annual limit on HSA contributions will be $3,650 for self-only and $7,300 for family coverage. This is about a 1.4% increase from this year.

IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

May 03, 2022
Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high-deductible…

Health Savings Accounts as a Retirement Investment Vehicle

Sep 05, 2019
What does health care have to do with retirement? Plenty, and there’s an investment vehicle that can help. Health Savings Accounts (HSAs) are an option that most people don’t consider for retirement. As…

Is There Anything That I Can Still Do to Maximize Tax Savings for the 2020 Return?

Mar 18, 2021
With the tax season in full swing, you might feel like it is too late to recoup and maximize savings for this year. However, there is still time. 

Long-Term Care Considerations Resulting from the Pandemic

Mar 23, 2021
Long-term care (LTC) is something you may need someday for assistance with the basic activities of daily living. Planning for its costs now may help you afford quality care in the future and reduce the risk of LTC expenses draining your savings.

Steps to Take to Walk Into Your First Home-Buying Experience with Confidence

Jul 12, 2021
Buying a home is a rite of passage for most Americans. If you are planning on taking this major step within the next year, Davis & Hodgdon Associates shares some things you can do now that will help you…

How to Lower Your 2021 Tax Bill

Oct 26, 2021
Financial decisions you make between now and the end of the year can have a significant effect on how much tax you have to pay next April. This is particularly true if you're saving for retirement, itemize deductions, or hold investments outside a retirement account.

How to Balance Saving for Retirement and Your Kids’ Education

Nov 04, 2021
Setting aside adequate funding for the future is a long, hard slog. Particularly for younger families who are early- to mid-career and have a lot of competing financial items to cover. Between raising young kids, paying mortgage or rent, and the countless other items that come with daily living, it can be stressful and difficult to see how everything is ever going to come together.

Free Financial Calculators Available

Apr 11, 2022
As a convenience to our clients and friends, we have posted several different financial calculators on our website and we encourage you to check it out here: https://www.dh-cpa.com/financial-calculator-resources.html. Calculators for home financing, personal finance, retirement and savings are available for anyone to use.