Posts Tagged ‘deductible medical expenses’
Deductible Medical Expenses Irs
February 17th, 2011
Question: I pay a 96.50 premium every 6 months to the Hartford for a Cancer,Heart Attack Policy.Are the premiums deducti?
deductible as a medical expense as are the premiums you pay for in a Medical care Insurance Plan?The IRS Site examples are UNCLEAR…..
Answer: Premiums are not a medical EXPENSE, but if you are self employed, you can write any health insurance premiums off under your profit and loss statement.
BTW, cancer and heart attack policies, make about as much financial sense as car insurance, that only covers you in an accident with a blue car. That’s why they’re so cheap – because they don’t cover anything ELSE.
Items on Amazon Right Now for Deductible Medical Expenses Irs:
4 Places to Stash Money for Tax Free Retirement Income
These investments will allow you to minimize taxes in retirement.
Overlooked Tax Deductions: Medical Expenses
2009 Deductible Medical Expenses
March 22nd, 2010
Question: I can see the porn, but the prostitutes…?
Tax Court Rules Prostitutes Aren’t Deductible
Lawyer kept records, claimed visits as medical expense
http://www.forbes.com/2009/09/15/tax-court-deductions-prostitutes-medical-expenses-personal-finance-hookers.html
“The U.S. Tax Court ruled Monday that Brooklyn, N.Y. tax lawyer William G. Halby, 78, had no legal basis to deduct prostitutes and pornography as medical expenses on his federal tax returns. Judge Joseph Robert Goeke upheld the Internal Revenue Service’s determination that Halby owed $21,000 in back taxes plus $4,000 in accuracy-related penalties for his disallowed write-off of $120,000 of what the court delicately (and in quotations) called “service providers” as well as pornographic materials.”
Answer: I beg to differ.. massage therapy and physical therapies arent taxable.. why should screwing? You men! HA!
Items on Amazon Right Now for 2009 Deductible Medical Expenses:
China Medical Technologies Reports Third Fiscal Quarter Financial Results
China Medical Technologies, Inc. , a leading China-based advanced in-vitro diagnostic company, today announced its unaudited financial results for the third fiscal quarter ended December 31, 2009 .
Andrew Rubin on Fox Business (August 20, 2009)
Posted in Deductable Medical Expenses | 
Tags: 2009 deductible medical expenses, deductible, deductible medical expenses, expenses, fo, medical, tax | 
No Comments »
Deductible Medical Expenses Cra
March 21st, 2010
Items on Amazon Right Now for Deductible Medical Expenses Cra:
Daw: Making the most of taxman’s home renovation credit
The popular home renovation tax credit was not extended in Thursday’s federal budget. So taxpayers are looking for ways to make the most of the 2009 credit.
Posted in Deductable Medical Expenses |
Tags: cra, deductible medical expenses, deductible medical expenses cra |
No Comments »
Deductible Medical
November 24th, 2009
Question: What is a Major Medical Deductible on Health insurance?
I currently am receiving quotes for medical insurance and I have this one policy quote that does not list a deductible, but it does list this Major Medical Deductible for $3500.00 & total out of pocket $6000.00? What does this mean? Is this for Emergency care only?
Answer: The total out of pocket includes the co-insurance. The plan will have a percentage, most of which are 80%/20%. After you pay the deductible of $3500 you pay a percentage of the medical charges until you’ve paid a total of $6000. Then the policy will pay for all covered charges.
“Major Medical” usually means a comprehensive policy, as opposed to a policy with many limits to the coverage. How it’s used on your quote I have no idea because not all companies use it and just because a quote doesn’t say it’s major medical doesn’t mean it’s not. Also, many plans could be considered major medical and still have many limits to the plan.
You’ll be less confused if you visit an agent that works with all the major companies in your area. The agent can find the best policy for your situation and budget in a few minutes, saving you a lot of time. They can also explain the coverage of the policy and, more importantly, what is not covered. There is no extra charge using an agent.
Items on Amazon Right Now for Deductible Medical:
Adel journalist, author investigates story of immigrant deaths
DENISON, Iowa- When Colleen Bradford Krantz, then a reporter for the Des Moines Register, heard the story of 11 immigrants found dead inside a grain car in Denison, she was struck – as many journalists are – with a multitude of questions.
4 Steps to Saving Money on Health Insurance and Medical Expenses