Sentences with phrase «qualifying expenses usually»

Qualifying expenses usually include tuition, fees, tutoring, required books and supplies.

Not exact matches

If the distribution exceeds qualified education expenses, a portion will be taxable to the beneficiary and will usually be subject to an additional 10 % tax.

A taxpayer will usually itemize deductions if it offers them more benefits than the standard deduction (i.e., when the amount of qualified deductible expenses totals more than the standard deduction).

Unlike the case with prepaid tuition plans, contributions can be used for all qualified higher - education expenses (tuition, fees, books, equipment and supplies, room and board), and the funds usually can be used at all accredited post-secondary schools in the United States.

As you know, these are usually much more than qualified expenses.

Scholarship funds used for qualified education expenses are usually considered tax - exempt, but only if they meet eligibility requirements.

If you can qualify for a final expense insurance plan that has health questions, it's far better usually (not in all cases).

And once you have satisfied the deductible and any coinsurance, usually your qualified expenses are covered at 100 %, although 80 % and 70 % options are also available.

Finally, final expense insurance usually has more guidelines around who qualifies.

Burial insurance, also often referred to as funeral insurance or final expense life insurance, can oftentimes be purchased for individuals who are up to age 85 — so even those who are older parents can usually qualify for this type of policy.

You can put money in an HSA tax - free and use it for qualified medical expenses after your high deductible is paid (usually about $ 1,250 or higher).

Because many seniors apply for final expense life insurance coverage, these plans will not usually require a medical exam to be taken for the purpose of qualifying for coverage.

A final expense policy does not usually require any medical exams or other qualifying procedures.