The recent tax law change permanently increased the federal estate and gift tax exemption to $15 million per person for 2026 and later. This means you can give away while alive and/or bequeath at death this amount of money or property free of federal estate and gift tax. If you’re married, you and your spouse each get a $15 million exemption. Thus, for a married couple, your combined estate and gift tax exemption is $30 million for 2026 (it’s adjusted for inflation each year)

Health Savings Accounts (HSAs) are a great way to save money. Unlike any other tax-advantaged account, they provide a triple tax benefit: Contributions are tax-deductible. Funds inside the HSA grow tax-free. Withdrawals are tax-free if used for qualified medical expenses. However, withdrawals after age 65, if not used for medical expenses, are subject to regular income taxes. Some wealth advisors advise HSA owners to treat their accounts like a super IRA; to maximize their co

Tax-advantaged accounts like health savings accounts (HSAs) and flexible spending accounts (FSAs) can help taxpayers manage medical expenses while reducing taxable income. Although these accounts sound similar, they have important differences, including who can contribute and how funds can be used. Key features of HSAs: An HSA is a tax-advantaged account you can use to pay for qualified medical expenses. To open an HSA, you must be enrolled in a high-deductible health plan (