Latest Post December 21, 2021

IRS Announces 2022 Medical Mileage Rate

The IRS announced the 2022 medical mileage rate for taxpayers who deduct the cost of operating a vehicle for business, charitable, medical, or moving expense purposes when filing their taxes. The new rate is $.18 per mile, which is an increase from the 2021 rate of $.16. You can read the full text of this IRS...

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Flexible spending accounts (FSA) and health savings accounts (HSA) are creatures of the federal tax code, which is notoriously complicated. To try to make things easier, we in the benefits industry sometimes use shorthand, but sometimes these only complicate things further, especially to those unfamiliar with benefits suchs as FSAs and HSAs. Especially confusing are…