Sentences with phrase «deductible only»

It is important that you opt for increasing the deductible only if you are sure you can pay up that money upfront.

If you have the option of purchasing UMPD and collision coverage, UMPD usually pays your collision deductible only (so it may not be worth carrying the coverage if you have collision coverage already).

Unlike limited plans, which require that you pay the deductible per sickness or injury, comprehensive insurance policies have you pay the deductible only once per policy period.

Renters insurance is tax - deductible only when you are running a business from your apartment or rental home and you've set aside an area meant solely for work — similarly to homeowners insurance tax deductions.

A per - policy period deductible means that the insured must pay the deductible only once during the policy period (see policy period later).

Insurers can apply a hurricane deductible only in a true hurricane; a «trigger» in your homeowners policy dictates when it kicks in.

If you are on your parents» policy, they must make this change to their policy; they can not raise the deductible only for you rather than for everyone on the policy.

Your deductible only applies to damages to your car rather than to someone else's.

However, it is important to increase the deductible only as much as you can afford.

However, make sure to increase your deductible only to the amount that you can get out of your pocket.

A deductible only applies to Collision and Comprehensive coverages.

On most auto insurance policies, the deductible only applies to physical damage losses and not to liability losses.

Here's something else to consider... increasing your deductible only makes sense if you have the savings to cover it.

Among other things, the appeal judge found that to apply a deductible only for a claim made by a named insured would «thwart the objective of the deductible» if the named insured was not injured in the accident but a claim for benefits was advanced by an occupant.

Threshold requirements and the deductible only applies to motor vehicle accident matters.

Simply put, this means the amount of expenses greater than two percent are deductible only for the amount in excess of two percent.

When you refinance a grandfathered mortgage, the mortgage interest remains deductible only if the principal balance of the new loan doesn't exceed the principal balance of the old loan.

Medical costs are deductible only after they exceed 7.5 percent of your Adjusted Gross Income (AGI) in 2017 and 2018.

Medical expenses typically are deductible only to the extent they exceed 7.5 % of adjusted gross income.

Mortgage and home equity debt is deductible only if the money is used to «buy, build or substantially improve the taxpayer's home that secures the loan,» according to the IRS.

Eligible expenses are deductible only from employment or business income earned at the new location.

Renters insurance is tax - deductible only when you are running a business from your apartment or rental home and you've set aside an area meant solely for work — similarly to homeowners insurance tax deductions.

Your deductible only applies to damages to your car rather than to someone else's.

The IRS allows you a deduction at 56 cents per mile in 2014, Job - search mileage and other miscellaneous expenses are deductible only to the extent they are above 2 percent of your adjusted gross income.

These and other medical expenses are deductible only to the extent that they exceed 10 percent of your adjusted gross income.

Miscellaneous expenses like employee business expenses are deductible only after they exceed 2 percent of your adjusted gross income.

Real Estate and Property Taxes: Real estate taxes are deductible only in the year they are actually paid.

Interest paid on a mortgage is tax - deductible only for mortgages on the primary personal residence and one other personal residence.

The interest on a home equity loan is deductible only to the extent used to acquire or improve the residence.

For auto insurance, deductibles only apply to the collision or OTC coverage.

Not exact matches

These new contributions will be accounted for separately and will be deductible for tax purposes — unlike current CPP contributions which only get a non-refundable tax credit.

Even then, it's only the portion in excess of that threshold that is actually deductible.

Health savings accounts — authorized by the Medicare Modernization Act of 2003 — are available only to people enrolled in high - deductible health insurance plans meeting strict criteria, including certain minimum deductibles and out - of - pocket maximums.

«People with serious chronic illnesses will be hurt the most, left only with bare - bone coverage that comes with drastically higher deductibles.

People would generally only have to pay that much if they either didn't have health insurance (making them out of compliance with the Affordable Care Act, which requires Americans to have coverage) or if they had not yet reached their health plan's deductible (more common for people with high - deductible, so - called catastrophic health plans).

You're only eligible for an HSA if you have a high - deductible health plan.

Yet the company paid only $ 5,000, its policy's deductible.

DONATING to a charity is not only tax deductible but socially beneficial, says Australian Red Cross manager of public affairs Saskia Verschoor.

However, if they have renters insurance, a student would be able to file a claim and only have to pay a deductible to replace their personal property.

However, as I stated above, there is a potential way around the pro rata rule, particularly if your only other deductible IRA is a rollover IRA.

Contributions are made by the employer only and are tax deductible as a business expense.

Not only are the interest costs potentially enormous depending upon your credit rating, but they aren't tax deductible, making their true cost relative to other forms of debt substantially more expensive.

Under the new proposal, only advertising on Canadian websites would be deductible, bringing digital advertising in line with newspaper and television advertising.

However, if the excess cash is only used to pay for higher education expenses, the interest on the new loan remains deductible.

Enacted in 2003 as part of legislation providing drug benefits under Medicare, the tax preference is only available if the individual purchases a high - deductible health insurance policy.

Only to Home Office — If an expense is related only to your home office, the entire cost is deductible as a «direct» home office expeOnly to Home Office — If an expense is related only to your home office, the entire cost is deductible as a «direct» home office expeonly to your home office, the entire cost is deductible as a «direct» home office expense.

Non-Business Portion — If an expense is associated only with the non-business part of your home, it is not deductible as a home office expense.

In this case only expenses that exceed $ 3,750 ($ 50,000 * 7.5 %) would be deductible.

Or, is the only thing you can do is run them down because they're not as «good» as you, because they don't go into a building every 7th day of the week and drop a tax - deductible check into a plate or basket in order to be «saved»?

The presidential endorsement not only cost the journal its tax deductible status for two years, but also led to a more realistic understanding of politics and less willingness to wed Christian goals to the election of particular leaders.