Method and system for creation and funding of tax-advantaged account at point of sale/service
US11393043B2 · kind B2 · utility
2Cited by
13References
20Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Apr 20, 2018 |
| Grant date | Jul 19, 2022 |
| Priority date | — |
| Expiry date | Oct 29, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/20
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Disclosed herein are system, method, and computer program product embodiments describing the creation and funding of tax-advantaged accounts at a point of sale/service of a qualifying expense. The disclosure presents verifying the identity of the recipient of the qualifying expense, confirming an initial contribution, and creating a tax-advantaged account on behalf of the individual. The disclosure further presents funding the tax-advantaged account with the initial contribution and subsequently generating a bank transaction wherein the tax-advantaged account transfers the cost of the qualifying expense to the provider.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.