Health savings accounts or HSAs are a tax-favored account, similar to a savings or investment account, owned by the individual. One of the most attractive features of an HSA is the special tax rules that apply. Federal Taxes HSAs enjoy what is known as a triple tax...
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Can we have a mandatory retirement age?
Question: Can we have a mandatory retirement age? Answered by the HR Experts: With a few exceptions, no, you can’t have a mandatory retirement age. Forcing an employee age 40 or older to retire at a certain age would likely violate the Age Discrimination in...
How to define honoraria income
Honoraria income for clergy refers to payments received for services where a set fee is not legally or traditionally required. These services often include weddings, funerals, baptisms, and guest speaking engagements. Here are some key points to understand: Definition...