GParticipantStatus: Physician, Small Business OwnerPosts: 1469Joined: 01/08/2016
I do not live in NJ or CA and was not aware that these states taxed HSAs. Apparently, your other taxes are insufficient…wowzah!December 4, 2018 at 8:33 am MST #171598PedsParticipantStatus: PhysicianPosts: 3626Joined: 01/08/2016
yea just got that email as well.December 4, 2018 at 8:50 am MST #171601jfoxcpacfpModeratorStatus: Financial Advisor, Accountant, Small Business OwnerPosts: 7331Joined: 01/09/2016
oh, yeah – hard to believe, isn’t it? But, then again, it’s CA and NJ 😈 .
Johanna Fox Turner, CPA, CFP, Fox Wealth Mgmt & Fox CPAs ~ 270-247-0555
https://fox-cpas.com/for-doctors-only/December 4, 2018 at 9:03 am MST #171608spiritriderParticipantStatus: Small Business OwnerPosts: 1710Joined: 02/01/2016
AL went away for 2018, but TFB missed that TN still has the Hall tax, but being phased out; 18 = 3%, 19 = 2%, 20 = 1% and 21+ gone.December 4, 2018 at 10:19 am MST #171628HankModeratorStatus: AttorneyPosts: 1190Joined: 03/27/2017
Yep, one of the worst phrases out there when filling out your taxes on the Left Coast is “California does not conform” to federal tax laws.
HSAs are taxed and there’s no credit or deduction for 529 contributions. We can’t have the citizenry be responsible and plan to pay for their own health care costs and higher education, can we? 😛December 4, 2018 at 12:52 pm MST #171657