Can I Buy OTC Medication with FSA, HSA, and HRA Funds?
The CARES Act removes an ACA limitation on using FSA, HSA, and HRA funds to pay for over-the-counter medication.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
EIP Alert: April 22 Deadline for SSA and RRB Beneficiaries with Dependents
Social Security Administration (SSA) and Railroad Retirement Board (RRB) beneficiaries with dependents need to report that information to the IRS before April 22 at noon to receive $500 for each qualifying child at the same time as their $1,200 EIP.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Navigating the Get My Payment Tool
We were impressed by how straightforward the entire process is.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Six States Could Tax Economic Impact Payments
The Economic Impact Payment (EIP) program designed to ease the shock of halted employment during the coronavirus-related isolation period could experience some unexpected loopholes.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Explains the Coronavirus Stimulus Scam
Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Treasury Clarifies Economic Impact Payments for Americans on Social Security
The Treasury Department recently dispelled some uncertainty regarding how it would handle economic impact payments for Americans on Social Security.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…