Sentences with phrase «certain qualified medical expenses»

I've heard that the old Medical Savings Account has been replaced by a new, expanded version that allows employers to assist their employees in accumulating tax - free dollars that these employees can use to pay for certain qualified medical expenses.

Not exact matches

For Traditional IRAs, penalty - free withdrawals include but are not limited to: qualified higher education expenses; qualified first home purchase (lifetime limit of $ 10,000); certain major medical expenses; certain long - term unemployment expenses; disability; or substantially equal periodic payments.

Certain exceptions to the penalty fee may apply including death or disability, a first - time home purchase, medical costs or qualified education expenses.

Certain exceptions to the penalty fee apply including death or disability, qualified education expenses, first - time home purchases and unreimbursed medical expenses.

The medical expense tax credit is a non-refundable amount for certain qualifying expenses that can be claimed on the return of the patient and / or other supporting family members.

Otherwise, these withdrawals of earnings are subject to ordinary income tax and the 10 % federal income tax penalty (with certain exceptions including death, disability, unreimbursed medical expenses in excess of 10 % of adjusted gross income, higher - education expenses the purchase of a first home ($ 10,000 lifetime cap) substantially equal periodic payments, and qualified reservist distributions).

This is a change from the pre-1986 tax rule that limited your equity borrowing beyond the purchase price to certain qualified expenses, such as home improvements, medical and education expenses.

For Traditional IRAs, penalty - free withdrawals include but are not limited to: qualified higher education expenses; qualified first home purchase (lifetime limit of $ 10,000); certain major medical expenses; certain long - term unemployment expenses; disability; or substantially equal periodic payments.

Can withdraw for qualified, unreimbursed medical expenses provided they exceed a certain percentage of your adjusted gross income.

Traditional and Roth IRACan withdraw for qualified, unreimbursed medical expenses provided they exceed a certain percentage of your adjusted gross income.