Is 414h tax deductible?

Answer Contributions to 414(h) plans are pre-tax money, not reportable on a W-2, so there is nothing to deduct. Governmental 414(h) plans allow public employees to save for retirement without paying incom... Read More »

Top Q&A For: Is 414h tax deductible

Who is responsible for the 414h defined benefit pension plan?

Section 414h of the Internal Revenue Code allows government agencies to establish tax-advantage pension plans for their employees. The Internal Revenue Service publishes rules and guidance for the ... Read More »

If you have an accident before the deductible is lowered but the claim is not filed until after which deductible applies?

Answer The deductible at the time of the accident not the time of claim.

What is the minimum deductible for high deductible health plans?

The minimum deductible for a high deductible health plan is $1,200 for an individual and $2,400 for families in 2010 and is set by the U.S. Department of the Treasury. This is up from $1,150 and $2... Read More »

Which is better 500 deductible or 1000 deductible?

Answer It depends. If you plan on having a lot of claims against the insurance, 500 deductible is a better deal. If you only want the insurance to protect you from MAJOR disasters that don't usuall... Read More »