tax overhaul

Money deposited in a health savings account is tax-deductible, grows tax-free and can be used to pay for medical expenses. The annual maximum allowable contribution to an HSA is slightly lower for some people this year.

Health Savings Account Change In 2018 Could Trip Up Some Consumers

5:00am April 03, 2018

by Michelle Andrews

The new calculation reduces by $50 the amount a family can put into these HSA accounts this year. Anyone who has already funded the account at a higher level will need to adjust, or risk IRS scrutiny.

Houston Astros starting pitcher Justin Verlander was traded from the Detroit Tigers in a move that that experts estimate netted the Astros about $10 million, though no money changed hands between the two teams.

Tax Change Delivers A Blow To Professional Sports

10:27am March 22, 2018

The change of a single word in the 2017 tax overhaul means professional sports franchises could take a big tax hit each time they trade a player.

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The new tax law will have the biggest impact on the market for luxury homes such as this one in the Pacific Heights neighborhood of San Francisco.

Tax Changes Could Hurt Affordability At High End Of The Housing Market

8:14pm January 02, 2018

by Jim Zarroli

Thanks to the tax overhaul, buying a home will get more expensive in some places in 2018. That's because of new restrictions on how much mortgage interest and property taxes homeowners may deduct.

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The NPR Top Political Story of the Year Bracket after Round 2 voting.

NPR Bracket, Round 2 Results: Only 16 Stories Remain

12:15pm December 28, 2017

by Domenico Montanaro

Fallout from sexual harassment, Comey's firing and the Mueller probe are all in strong positions to be the top political stories of 2017. Will there be an upset Thursday?

Some Republicans see HSAs as a great way of helping consumers deal with mounting medical costs. It's still possible a change to the rules governing who can have an HSA and what they are allowed to cover could be added to another bill, some analysts say.

GOP Tax Bill Leaves Health Savings Accounts Untouched

10:47am December 19, 2017

by Michelle Andrews

Republicans tried last summer to expand the use of these tax-advantaged accounts that are linked to high-deductible health plans. But their expansion proposal didn't make it into the tax bill.

Donald Trump signs a dollar bill for a supporter during a campaign rally in Richmond, Va., during the presidential campaign.

Tax Bill Could Offer New Way To Funnel Political Cash — And Make It Tax-Deductible

11:22am December 08, 2017

by Peter Overby

Big-money donors can already donate anonymously through social welfare groups. If Congress keeps a provision in the House tax bill, it would allow charitable organizations to play politics.

Proposed changes to the tax law could eliminate the deduction for medical expenses. Those who use it generally have very high medical expenses, often for a disabled child, a serious chronic illness or expensive long-term care not covered by health insuran

Health & Safety

5 Ways Congressional Tax Legislation Would Transform Health Care

3:12pm December 01, 2017

by Julie Rovner

Even though congressional Republicans formally set aside their Obamacare repeal-and-replace efforts this summer, there are big policy changes that could become law under pending tax proposals.

Peter Saltonstall, president of the National Organization of Rare Disorders, speaks at a rally Tuesday in support of tax credits for companies that develop drugs for rare diseases.

Health & Safety

Advocates For Patients With Rare Diseases Defend Tax Credits For Orphan Drugs

6:13pm November 29, 2017

by Sarah Jane Tribble

The Republican tax plan could reduce or eliminate federal tax credits that reward companies for developing drugs to treat rare diseases. People who benefit from the medicines have objected.

Jared Haley, general manager of the C-Axis plant in Caguas, Puerto Rico, says computer-operated milling machines, like this one can cost more than a half million dollars. Heat and humidity in the plant after Hurricane Maria left many of the machines inope

Puerto Rico's Medical Manufacturers Worry Federal Tax Plan Could Kill Storm Recovery

5:25pm November 27, 2017

by Greg Allen

Drug companies and medical device makers in Puerto Rico are still struggling with power and staffing shortages. One device manufacturer says the future of his industry on the island is uncertain.

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Senate Majority Leader Mitch McConnell, R-Ky., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Treasury Secretary Steven Mnuchin speak to reporters about the Senate's version of the GOP tax reform bill.

Politics & Government

6 Possible Hurdles For The GOP Tax Plan

7:36am November 26, 2017

by Kelsey Snell

Congressional Republicans hope to pass a sweeping tax overhaul before Christmas, but first they'll have to resolve some major policy differences that could derail the bill.