HSA
Industry & Regulatory News
IRS Releases Draft Instructions for HSAs and MSAs
The Internal Revenue Service has posted draft Instructions for Forms 1099-SA and 5498-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, and HSA, Archer MSA, or Medicare Advantage MSA Information.
Industry & Regulatory News
IRS Releases 2025 Draft Instructions for Form 8889, HSA Reporting
The IRS has posted 2025 tax year draft Instructions for Form 8889, Health Savings Accounts (HSAs). Taxpayers file Form 8889 to report HSA contributions and associated tax deductions, as well as distributions and any tax or penalty owed for distributions not used for qualified medical expenses.
Industry & Regulatory News
Bill to Improve Gig Worker Access to Retirement Introduced
Senator Bill Cassidy (R-LA) has introduced S. 2217, the Independent Retirement Fairness Act.
Industry & Regulatory News
Washington Pulse - 2025 Tax Bill Provides Key Changes for Savers
Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025. This article outlines certain retirement and financial provisions included in the OBBBA.
News Releases
Senate Passes Its Version of Tax Bill
The Senate has passed by a vote of 51-50 its version of the tax reconciliation bill. The legislation will now move to the House as the President’s self-imposed July 4 deadline quickly approaches.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Mississippi, Missouri, Oklahoma, and Texas
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration for the following disasters for the period indicated.
Industry & Regulatory News
House Passes Reconciliation Tax Bill
The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214.
Industry & Regulatory News
Tax Bill Passes out of Committee
The House Committee on Ways and Means has approved their tax package out of committee by a party line vote of 26-19 following a markup hearing.
Industry & Regulatory News
Proposal Would Expand Medical Expense Coverage for Caregivers
Senators Jacky Rosen (D-NV) and Bill Cassidy (R-LA) have introduced S. 1565, the Lowering Costs for Caregivers Act.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Arkansas Storms
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on May 8, 2025, for Arkansas severe storms and tornadoes, for the incident period of March 14-15, 2025.