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Taxes and healthcare plans often go hand in hand, and for good reason. The big talker here, especially with a tax return, is this is about money. Moolah. Dough. Presidential flashcards. That’s just the fact of life. But when we’re talking about, well, life — quality of life, per se — it makes perfect sense. The key to understanding this isn’t just to be prepared for any issues in your life that might occur, but also to let the IRS know immediately as you prepare your tax return, especially after reading this press release about the issue.
The reason why it might change is the fact that you will undoubtedly go through changes in your life as you get older — as you get diseases, as you go to the doctor to find out that you have a dislocated shoulder, for example — that will affect your health insurance. You know what that does? It’ll affect your premium tax credit, so be aware of that.
Professionals in the workplace see a great benefit, particularly when involving taxes, and if you’re strategic about it, you can come out on top. The benefit, of course, I’m talking about is the “FSA,” or flexible spending account typically used for out-of-pocket medical costs.
5 Phenomenal Ways Your College Education Ties in to Your Future Finances http://bit.ly/1Tf1anu