Health Savings Account (HSA) contribution limitations for 2025 are listed below. Contributions to an HSA are tax deductible or pre-tax as a payroll deduction. Funds from an H.S.A. account can be used to offset deductibles, copays, and other qualified medical expenses. Excess contributions are not deductible and are subject to penalty unless the excess contributions […]

If you and/or your spouse have taxable compensation (earnings subject to FICA and Medicare tax), you may be able to contribute to an Individual Retirement Account. The maximum Traditional IRA or ROTH IRA contribution for 2025 is $7,000 if under the age of 50 and $8,000 if age 50 or older as of the end […]

    Workplace Poster and Employee Notice: https://mn.gov/deed/paidleave/employers/posters-notices/ The notice is required within 30 days of hire for all new hires.   Create Administrator Paid Family Leave Account: https://paidleave.mn.gov/ This person will receive communications from DEED once a determination is made on an applicant including applicant name, determination, week benefits commence, weekly benefit amount payable […]

The standard deductions for 2026 are: Married Filing Joint $32,200 Married Filing Single $16,100 Head of House $24,150 Single $16,100   Tax payers 65 and over standard deductions for 2026 are: Married Filing Joint (One person 65 and over) $34,250 Single $17,750

FEDERAL 10% 12% 22% 24%   32%   35% 37%   Single < $12,400 12,400-50,400 50,400-105,700 105,700-201,775 201,775-256,225 256,225-640,600   >640,600 Head of House < $17,700 17,700-67,450 67,450-105,700 105,700-201,775 201,775-256,200 256,201-640,600   >640,600 Married Joint <$24,800 24,800-100,800 100,800-211,400 211,400-403,550 403,550-512,450 512,450-768,700   >768,700   MINNESOTA 5.35% Up To 6.80% 7.85% 9.85% Over Married Joint $48,700 […]

If you and/or your spouse have taxable compensation (earnings subject to FICA and Medicare tax), you may be able to contribute to an Individual Retirement Account. The maximum Traditional IRA or ROTH IRA contribution for 2026 is $7,500 if under the age of 50 and $8,600 if age 50 or older as of the end […]

Health Savings Account (HSA) contribution limitations for 2026 are listed below. Contributions to an HSA are tax deductible or pre-tax as a payroll deduction. Funds from an H.S.A. account can be used to offset deductibles, copays, and other qualified medical expenses. Excess contributions are not deductible and are subject to penalty unless the excess contributions […]

The standard business mileage rate for 2026 is 72.5 cents per mile.

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The standard business mileage rate for 2024 is 65.5 cents per mile.