The IRS Deductions Blog

Archive for May, 2010

Items on Amazon Right Now for Day Camp Tax Deduction:

Health Department Investigating Salmonella Cases at Athens Restaurant

At least 41 people have come down with salmonella poisoning after eating at an Athens restaurant that’s being investigated by the Athens City-County Health Department.

Question: does car insurance company ever have tophysically see ur car after you have paid a deductible for a windshield?

replacement?

Answer: No, the glass replacement shop bills the insurance company. Why would they waste their time for a windshield replacement? Collision, is where they look at the car, for an estimate.

Items on Amazon Right Now for Windshield Replacement Deductible:

Road Warrior: Two MVC rules and 8 more driving tips

“The wait will be two hours,” said an MVC employee. “Try Oakland. They rarely have lines.” So, I scampered 20 minutes by car to Oakland’s Mall at Copper Tree to become the sixth victim in a line that barely reached out the door.

san bernardino ca paintless dent removal pdr collision repair wheel repair windshield

Question: Can I donate electronics to a school for a tax deduction?

I have a laptop computer that I am no longer using. Can I donate it to the school that my wife works at and take a tax deduction? She spoke to someone at the school that said they will give me a letter on school letterhead that says I made the donation and what the value of it is (based on what I tell them). Is that all I need to write it off next year?

Answer: Yes, you can and that is all you need. but if the value is more than $500, you will be needing more info.

Items on Amazon Right Now for Donations Tax Deduction Letter:

Groups stuggle to fund fireworks shows

With an even bigger gap in the state budget this year, private groups must once again step in to fund area fireworks shows.

Obsession or Deception: The McCain Bush Doctrine

Question: What is an Annual Insurance Deductible?

I’m looking at health care plans.

One says, “Annual Deductible of $7,500. You pay $53.16 a month.”

I read the definition of an insurance deductible and it said, “Your deductible is a predetermined fee that you’ll be required to pay before your health insurance carrier will be responsible for paying your benefits.”

Does this mean I have to pay $7,500 before the health insurance kicks in?
Or am I just misunderstanding all of this?

Answer: You pay $53.16 per month ($638 per year, which is actually very low), whether you receive any medical care or not. You also pay the first $7500 of medical bills each year. The health insurance pays the rest. For example, if your medical bills for the year are $10,000, then you pay the $53.16 per month plus the first $7500 of medical bills and the insurance pays the last $2500.

Items on Amazon Right Now for Insurance Deductibles Definition:

Labour and Employment

There may be a rough road ahead for employers that offer medical benefits to employees through self-insured group health plans. Self-insured group health plans are group health plans that do not shift the risk of the cost of medical coverage from the employer to an insurance provider.

Health Reform & Americans with Disabilities (05/20/2010 Web chat)

Question: Can you typically set up a payment plan with your health insurance company (for a very large bill)?

My deductible is quite high and unfortunately we’ve gone through it in one incident.

Answer: You don’t pay the deductible to your insurance company, they take it off the reimbursement.

It’s the provider you need to deal with, and most will accomodate a payment plan, especially if the bill is large. It’s better than getting stiffed, and it shows your intentions are honorable.

Call the doctor or hospital.

Items on Amazon Right Now for Large Deductible Plan:

Large deductible plans penetrate WC. (workers’ compensation) (Special Report: Self-Insurance Review): 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 September 7, 1992. The length of the article is 723 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…

Large deductible plans vs. self-ins. (Risk Management/Employee Benefits): 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 July 22, 1991. The length of the article is 1225 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. Y…

Business Rethinks Stand On Benefits

Health benefit experts believe the new health care reform law will change the types of coverage small, medium and even large Connecticut companies provide their workers.