The IRS Deductions Blog

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Question: Which 5 Freedoms would You Lose in Health Care Reform? Yahoo news.?

5 Freedoms You’d Lose in Health Care Reform

http://finance.yahoo.com/insurance/article/107408/5-freedoms-you-would-lose-in-health-care-reform.html?mod=insurance-health

1. Freedom to choose what’s in your plan
2. Freedom to be rewarded for healthy living, or pay your real costs
3. Freedom to choose high-deductible coverage
4. Freedom to keep your existing plan
5. Freedom to choose your doctors

Freedom must be preserved in Health Care.

Answer: I don’t know what coverage you have but I have never been given those freedoms in any of my plans anyway. Seriously, how many of you really get to pick what your plan covers, or do you just accept what your employer gives you and de3al with it? How many of you have the same exact amount taken our of your pay check as every other employee? How many of you have really ever gotten to choose what the deductible is or again do you just take what the employer offers? How many of you can pick whatever doctor you want or do you have to pick from a list of insurance approved in network doctors?

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Insurers push plans that limit health choices

As the Obama administration begins to enact the new national health care law, the country’s biggest insurers are promoting affordable plans with reduced premiums that require participants to use a narrower selection of doctors or hospitals.

Pros & Cons of the Health Care Reform Bill

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The double dip looms just ahead

The double dip looms just ahead – There are Democrats in Congress — and even a few

Question: To determine if an organiztion is a charity, look for pub. 78 on the IRS Web site.?

In addition, you may verify an organization’s tax-exempt status and eligibility to receive tax-Deductible Charitable Contributions by asking to see an organization’s IRS letter recognizing it as tax-exempt. You may also confirm an organization’s status by calling the IRS (toll-free) at 1-877-829-5500.

You may download the electronic version of Publication 78. The download file is a large compressed file, from which you may extract a very large delimited text file. Opening the file using word processing software may prevent formatting/appearance issues that may be present if the file is viewed with a text editing program.

Answer: If we’re just sharing info,,,, CIR 230 is finally out of back order… get ‘em while they’re hot and keep your nose clean and shinny!

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Large-Deductible WC Programs Challenged In Fla. As Battle Looms Over Assessments.: An article from: National Underwriter Property & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 3, 2000. The length of the article is 843 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. …

Two GOP challengers face off against Mayfield for District 80 House seat

VERO BEACH — State Rep. Debbie Mayfield, R-Vero Beach, who won her late husband’s seat in the House two years ago, is being sniped at by two party insiders who are challenging her effort to return for a second term.

URGENT! Please save Masjid Qurtabah (Toronto, Canada) and Donate NOW! Inform Others Too

Question: Can I deduct personal exemptions in addition to standard deduction?

I just heard, for the first time, about personal exemptions ($3500) as a deduction for reducing your taxable income. So far, I have always deducted the standard deduction ($8750 for 2008) on my 1040EZ form. Can I use the personal exemption in addition to the standard deduction? How/where would I do that? Does this mean I missed out all these years?

Can I also use personal exemptions if I itemize on Schedule A?

Thank you very much

Claudia

Answer: The standard deduction is $5450 (single filer) for 2008 tax year. 1040EZ really makes it easy for you cuz it combines the standard deduction and personal exemption already. You are not missing out on the personal exemption.

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Dunne: MEA Council Meeting

Good afternoon and thank you for inviting me to speak to you today.

MeltDown #410 EMERGENCY ECONOMIC STABILIZATION