What is the Safe Harbor Rule for Underpaying Estimated Tax? 

What is the Safe Harbor Rule for Underpaying Estimated Tax? 

Key Takeaways  Safe harbor tax rules protect against IRS underpayment penalties, not balances owed, by meeting specific payment thresholds during the year, even if additional tax is due at filing.  Taxpayers avoid...

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Tax Benefits of Health Savings Accounts

Tax Benefits of Health Savings Accounts

Key Takeaways  HSAs provide triple tax advantages with tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.  To qualify in 2026, you must have an HSA-eligible HDHP with...

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2026 Tax Brackets and Deductions

2026 Tax Brackets and Deductions

Key Takeaways   The 2026 tax brackets were increased for inflation, allowing taxpayers to earn more income before moving into higher marginal tax rates.  The U.S. tax system remains progressive, meaning only income...

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