What does tax deductible mean?

Answer Tax deductible is a term used to describe certain expenses that can be deducted from your income taxes at the end of the year. The deductions that you claim will affect which tax form you can use.T... Read More »

Top Q&A For: What does tax deductible mean

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 »

Is sdi tax deductible?

Yes, employee payments to a state disability insurance fund can be deducted on a federal income tax return if the employee itemizes deductions. However, if the employee works for a company that off... Read More »