Sentences with phrase «portion of the deductible»

Some insurers will waive all or a portion of the deductible following a theft loss if the stolen item is equipped with a GPS device or is registered with the National Equipment Register.

What condo owners don't always consider is that even if the damage may be covered by the building master policy, buildings often have very high deductibles; therefore condo owners then become responsible for paying their portion of the deductible determined by the assessment, even if the damage itself is covered by the insurance.

If not, the hospital may very well want you to pay at least a portion of the deductible upfront.

When this occurs, you will likely only have to pay a portion of your deductible, since you are only partially at fault.

Not exact matches

With glass coverage, their portion of the $ 1,005 bill was a $ 100 deductible.

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

Key Facts: Joint filer with a Schedule C business has a standard deduction of $ 24,000 Business gross income of $ 130,000 Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ 100,000.

These dollars can pay for deductibles, unreimbursed portions of medical bills, or items not otherwise covered by the health plan, such as vision or well - baby care.

Additionally, the tuition portion of the program fees is tax deductible.

Aside from not having to commute to work, home business owners typically have a better work life balance, and the expenses related to the portion of the home used for business are fully tax - deductible.

If you pay a portion of the receptionist's salary, that portion is deductible, as is any insurance you pay for your own employee, such as an assistant or shampoo girl.

Although the $ 500 state tax credit feels like a quid pro quo that should correspondingly reduce the deductible portion of the federal charitable contribution deduction, I.R.S. and Tax Court authority indicate otherwise.

Entire House — If an expense pertains to the entire house, a portion of it will be deductible as an «indirect» 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.

this means that a portion of those taxes paid are not deductible on the Federal level.

«Workers are paying larger portions of premiums, deductibles and copays.

Energetic Nutrition will protect you for this $ 50 deductible portion in the highly unlikely situation that you ever encounter an inappropriate charge involving our company as a result of your order from our website.

A portion of your ticket purchase is tax - deductible and all proceeds benefit the Southern Festival of Books.

Since the customer pays a portion of the claim, insurance companies can keep prices affordable by making deductibles mandatory.

The portion of your employer's contribution to the medical plan that will be used for your partner will not be tax deductible.

Charging your co-pays, deductibles, or the portion of services that isn't covered under your insurance plan gets you one step closer to satisfying the spending requirement without diminishing the tax benefit.

Donor - level members (Builders and Inventors) will receive written acknowledgment from the museum regarding the tax - deductible portion of their memberships.

CC is right — if you get a dividend that is return of capital, that is the equivalent of selling some of the shares which means that the portion of the loan covering those shares is no longer tax deductible.

The deal would also make the enhanced portion of employee CPP contributions tax deductible.

On car insurance, your property (damage to your car) has a deductible because you share a very small portion of that risk.

A portion of these fees is tax - deductible.

With comprehensive and collision, you pick your own deductible (the portion of the claim you pay).

The only portion of your registration that is tax - deductible is the percentage amount based on the car's value.

However, if you're self - employed, half of the Social Security tax portion of your self - employment taxes is deductible, because you're essentially paying both the employer and employee taxes.

When a taxpayer receives a refund of state income taxes, and the taxpayer took a deduction on their federal tax return, and some of the payments made to the state were estimated payments that may have been made in a different calendar year... well, it can require some math to determine the taxable refund and the deductible portion of the estimated payment.

In addition, a portion of indirect expenses such as phone, electricity, air conditioning and heat may be deductible, as well.

Often you have a deductible on the collision and comprehensive part of your coverage by increasing this deductible you will reduce the premium on that portion of your policy thereby reducing your premium.

This difference can be especially relevant to refinancing, because if you lengthen out the time remaining on your mortgage debt, it is likely to mean that interest is a greater portion of your monthly payment — and therefore, more of that payment would be deductible.

However, you also should total this cost comparison over the remaining life of each loan, because the tax deductible portion of the payment is likely to be greatest in the first years and then diminish over time.

For 2013, the deductible portion of eligible long term care insurance premiums that may be included as medical expenses on Schedule A rises.

The deductible on your renters insurance is the portion of the loss that you absorb before the policy kicks in.

Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.

The personal use portion of expenses such as property taxes and interest are reported on Schedule A as itemized deductions to the extent they would otherwise be deductible.

Real estate taxes (if your taxes include service fees for things like trash pickup, recycling, etc., only the portion related to the value of your property is deductible)

However, if you have other IRA assets funded with deductible contributions, only a portion of the amount you convert will escape taxes, since all conversions must be done on a pro rata basis based on the total balance in all of your IRAs.

As you receive ROC, the portion of the loan which is deductible is reduced, by that same percentage.

The Smith Manoeuvre involves using the principal portions of each mortgage payment to either invest or pay the interest on your existing tax deductible credit line.

Keep in mind that only a portion of these expenses are deductible.

You can include a portion of this fee as deductible interest.

However, if you are self - employed and operate a business out of your home you can also gain some tax advantage on portions of the mortgage interest, property taxes, condo fees and utilities as these are considered tax deductible expenses.

If you have insurance, you insurance company pays, and you most likely pay a portion of it (either through a deductible or copay).

The portion of the IRA contribution that was deductible will have no tax basis.

Whatever portion of the traditional IRA contribution that was not deductible will have a tax basis.

Getty ended up paying the $ 2.2 million portion of the ransom that was tax deductible, and then loaned the remaining $ 800,000 of the ransom to his son (at 4 % interest) to pay the kidnappers.

Any portion of a distribution that represents deductible contributions is subject to income tax because those contributions were not taxed when you made them.