Quarterly Highlights

Tax Time

• If you are expecting a tax document from BPAS: If your account at BPAS experienced a taxable event in 2024, we will mail you the appropriate IRS or Puerto Rico Department of the Treasury (i.e. Hacienda) form. You can access a copy of the documentation by logging into your account and navigating to the Library. For more information about the types of forms and timing, please visit Tax Documents – BPAS University.
• If you are receiving a tax refund: Take a minute and consider what you can do with your tax refund. Need ideas? Our infographic covers some general suggestions. Or, watch a short video with our 6th Grade Advisor for ideas.
• Plan ahead. If you’re receiving a sizable refund or if you owe a significant amount of taxes, you might want to start planning your tax strategy for 2026. Some possible strategies include: making an IRA contribution, contributing to your HSA, or adjusting your payroll taxes. Talk to your financial advisor and accountant to determine what works best for you.

Spring Cleaning

Take some time to clean up your financial accounts.

• Review your beneficiaries: It’s important to ensure that your beneficiaries are up-to-date. Make it a point to review your beneficiaries annually for accuracy. Brush up on your beneficiary terms by taking our tv based quiz. If you need assistance updating your beneficiaries, review or download our instructions.
• Stay connected: Have you moved recently? Or, are you using a different email address? Make sure your BPAS account has your most accurate contact information. It keeps your account secure and ensures that you are receiving any mandatory documentation. Review or update your cell phone and email address by accessing My Profile once you are logged into your account. If you are currently participating in your employer’s plan and need to update your mailing address, please contact your Human Resources Representative.