Veterans taxed for disability severance payments should file amended returns 1040X to claim tax refunds

Veterans who received disability severance payments after January 17, 1991 and included that payment as taxable income should file Form 1040X, Amended U.S. Individual Income Tax Return.

Personal Health Investment Today (PHIT) Bill – Let’s get physical

Taxpayers can place up to $1,000 per year for an individual or $2,000 per year for a family or joint filing couple into pre-tax medical accounts (HSA/FSA accounts) for reimbursement of physical activity expenses.