What is New at Ramdas Accounting : The Woodlands

Hurricane Season Tips from an Accountant

by Rahul Ramdas | Sep 3, 2019 | Individuals Articles

With Dorian incoming, those of us in hurricane prone states are aware that hurricane season is now upon us. While you are already doing the best you can to protect yourself, these few tips can help you and your financial documents stay above water. Step One - Copy and...

The IRS has ruled that a portion of ancestry genetic testing is medical care

by Rahul Ramdas | Aug 19, 2019 | Individuals Articles, Tax Articles

Read the full text below: In a redacted Private Letter Ruling the IRS has ruled that a portion of ancestry genetic testing (consisting of a DNA collection kit and health services) is medical care and, hence, that portion of the costs of the services and kit is...

Expanded list of care for HSA participants with certain chronic conditions

by Rahul Ramdas | Jul 18, 2019 | Individuals Articles

The IRS as of July 17th has added new preventative care benefits provided to individuals covered by a High Deductible Health Plan (HDHP). For certain chronic conditions, new services and items will now be listed as preventative care for your health coverage. Please...

Tax Tip Thursday: How Higher Education students can request information from the IRS for Financial Aid

by Rahul Ramdas | Jun 27, 2019 | Financial Aid, Financial Planning, Individuals Articles, Student Loan

When filling out the FAFSA (the Free Application for Federal Student Aid form), you need your financial information on hand and sometimes it can be hard to get your hands on. "The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA Form." The IRS Data...

Updated 2020 HSA Contribution Limits!

by Rahul Ramdas | May 29, 2019 | Financial Planning, Tax Articles

If your family is covered under a High-Deductible Health Plan (HDHP), you have new inflation-adjusted limits on your 2020 deductions for contributions into your HSA. "High deductible health plan. For calendar year 2020, a “high deductible health plan” is defined under...

Watch Rachael LIVE!

by Rahul Ramdas | Mar 8, 2019 | Individuals Articles

Watch Rachael LIVE this morning on the radio today at 11:30 CST! Follow the link to watch her interview on Finance Friday at KNLY 91.1FM The Boss! http://www.radiotheboss.com/watch-us-live/ ...

How to Calculate Your Withholding and Completing your 2019 W-4

by Rahul Ramdas | Feb 19, 2019 | Financial Planning, Individuals Articles, Tax Articles, Tax Cuts and Jobs Act, Tax Reform, Withholding

You’ve used the IRS Withholding Calculator, but you’re still confused about what allowances to take on your W-4. We’re here to help! Read through the following scenarios for a basic breakdown, and call us if you still have questions! You’re single, the calculator says...

2018 Tax Updates – Cheat Sheet

by Rahul Ramdas | Jan 10, 2019 | Financial Planning, Individuals Articles, Tax Articles

Unsure about how to move forward with the new tax code? With our tax update cheat sheet for 2018, you'll have all of the new tax tables and rates applicable for the 2019 tax filing season. Click the link below to view. 2018 Tax Updates ...

IRS Shutdown update

by Rahul Ramdas | Jan 8, 2019 | Tax Articles

As the government continues it's third week of shutdown, the IRS confirmed today that the 2019 filing season will begin January 28, 2019 and provide refunds as scheduled. Currently, IRS workers have been furloughed as part of the government shutdown, but many will be...