Navigating the complexities of tax season can be daunting, especially with the looming threat of IRS penalties and audits.
Plus: A slow start to the tax filing season, movement on the budget, refusing to file, rescheduling cannabis, tax filing deadlines, industry updates, trivia, and more.
A frustrating thing about working hard to earn money is knowing the IRS ... are tax-free, while HSA distributions used for other purposes are subject to an additional 20% tax penalty.
What could that cost an individual? According to an accountant MarketWatch consulted, it would be a lot. To use round numbers, if you had $100,000 in adjusted gross income for 2025 and took the ...