Health Savings Account Parameters for 2018

By on May 17, 2017

The Internal Revenue Service has announced 2018 cost of living adjustments for health savings accounts (HSAs) under current law. For those with HSAs, a high deductible health plan must have a deductible of at least $1,350 (up from $1,300 in 2017) and total out of pocket expenses (deductibles, co-payments, and other amounts, but not premiums) […]

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Paul Izzo

Good News for Disabled Individuals at the End of 2016

On December 20, 2016

The end of 2016 brings good news to disabled individuals and their advocates on two fronts: As of December 19, 2016, the two year anniversary of enactment of the federal law that authorized states to create the programs, Virginia’s ABLEnow program has gone live. The program permits eligible disabled individuals to invest up to $14,000 […]

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Robert Warwick

Tax Court Holds Damages Not Attributable to Physical Injury

By on February 26, 2016

  Section 104(a)(2) of the Internal Revenue Code provides an exclusion from gross income for damages received for physical personal injury or physical sickness.  The statute further provides that emotional distress is not a physical injury or physical sickness (although damages to pay for medical care attributable to emotional distress are excludable).  However, the regulations […]

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John P. O'Herron

SCOVA Watch: Does Virginia’s spousal support termination statute encompass cohabitation of same-sex couples?

By on December 7, 2015

[Note: SCOVA Watch will be a recurring series of posts highlighting select petitions for appeal granted by the Supreme Court of Virginia that may interest practitioners] On November 10, 2015, the Supreme Court of Virginia granted an appeal in Luttrell v. Cucco, Record No. 150770. Although the granting of the case did not make the […]

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