Sentences with phrase «qualify for tax»

Premiums paid towards this policy, qualify for the tax benefits as per Section 80C and the death benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.

Premiums paid towards this plan qualify for tax benefits under section 80C of the Income Tax Act, 1961.

Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Premiums paid under this policy, qualify for the tax benefits as per Section 80C and the death benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.

However, you may qualify for tax credits worth up to 50 % of your premium costs if you use the federal exchange.

Your parents will also qualify for a tax credit of up to $ 150.

The premiums paid qualify for tax exemptions under Section 80C.

For a permanent life insurance policy to qualify for tax advantages under the I.R.S. Code, the policy must be a life insurance contract NOT be a modified endowment contract («MEC»).

Currently, premiums paid towards life insurance policies qualify for tax deductions of up to maximum of Rs 1.5 lakh a year under section 80 (C).

All premiums paid on investment plan qualify for tax exemptions under Section 80C.

What can qualify for tax deduction are mediclaim policies and critical illness policy.Tax exemption on health insurance premium is relative to the year the premium is paid, this is called «payment basis».

This means that if you make a total investment of Rs 2 Lakh towards the life insurance policy then up to Rs 1.5 lakh of the invested amount can qualify for tax benefit.

LI premium payments also qualify for a tax rebate.

The premiums paid for health insurance policies of individuals aged less than 65 years qualify for tax deductions up to an INR 15,000 limit, under Section 80D of the Income Tax Act.

Policy holders qualify for tax benefits not only on the premium which they pay but on the death benefit as well.

The premium is also an amount that ought to be paid by the policy holder on a yearly basis rather than every two years in order to qualify for tax deduction at the financial year end.

These top - ups also qualify for tax - deductions along with tax exemptions if the premium does not go beyond 10 % of the sum assured.

Top - up plans also qualify for tax deductions under Section 80D of the Income Tax Act.

Should such an annuity be part of an IRA or 401 (k) plan you may qualify for tax relief on the amount contributed to the plan.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

Premiums paid for the plan qualify for tax exemption under Section 80C.

In this article, we discuss ULIP (Unit Linked Insurance Plans), insurance cum investment products that qualify for tax benefits under section 80C and whether you should go for ULIPs.

It is important for you to ensure that the survival benefits received at periodic intervals during the policy term qualify for these tax exemptions as well.

However, short term medical insurance doesn't qualify for tax subsidies or exemptions.

And you may qualify for a tax credit worth up to 50 % of your premium costs.

While you're not exempt from paying monthly premiums for an insurance plan you buy through the Marketplace, like all Americans you may qualify for tax credits that lower your premiums based on your income.

The Exceptions An employer must meet one of four exceptions to qualify for a tax - free death benefit.

When you buy health coverage for your employees through the Small Business Health Options Program (SHOP) Marketplace, you may qualify for a tax credit worth up to 50 % of your premium contributions.

When you are choosing the homeowners insurance for your property, you may have questions about tax regulations and whether your insurance purchase can qualify you for a tax deduction.

If you qualify for tax subsidies to lower your monthly payments, you must buy one of these plans to receive a subsidy.

You may also qualify for tax credits and premium assistance if you purchase coverage through a government - run SHOP marketplace.

If you drive a leased car for business purposes, you may also qualify for tax breaks (Why do you think doctors and lawyers always lease their Benzes and Audis?).

(Check with your CPA before you set up your campaign to make sure you qualify for tax - deductibility.)

California is requiring insurers to include a «surcharge» on silver - level plans, expecting that most policyholders will qualify for a tax credit and therefore won't pay more.

Donations made to help grown your family may not qualify for tax - deductions.

Additionally not only do cancer insurance plans come with a more reasonable price tag than generic critical illness policies, policy holders also qualify for tax benefits as per section 80D of the Income Tax Act of 1961 which makes the maintenance and payment of premiums easier for policy holders and their families.

Health insurance policies and mediclaim policies for the individual and HUF (Hindu Undivided Family) residing as permanent citizens in India qualify for tax deductions.

Premiums paid under the Future Generali Life Insurance Care Plus Plan qualify for tax benefits under Indian Income Tax Act.

When you're installing those items, make sure they follow an energy efficiency standard like Energy Star so you'll qualify for the tax credit.

One can qualify for tax exemptions in many different ways, by showcasing the interest of the money spent on home loans, rent, LIC premiums, tax - saving or equity mutual funds which have a tax clause attached to them, then finally there are best health insurance and medical reimbursements.

So, if you pay the premium both for yourself and your parents, a maximum of Rs 35,000 will qualify for tax deduction from your total income.

Unfortunately, this business pays its two employees a salary that exceeds the limit to qualify for the tax credit.

In order to qualify for the tax credit:

If requirements are met, employers might qualify for tax credits if they purchase health insurance through the SHOP Marketplace.

To qualify for the tax deduction, the student loan on which you're paying interest must have been taken out by you.

Donations made by such members towards the National Poverty Eradication Fund or to augment statistical / social / scientific research qualify for tax benefits.

However, you may qualify for tax credits worth up to 50 % of your premium costs if you use SHOP.

However, you may qualify for tax credits worth up to 50 % of your premium costs if you use the state exchange.

If, however, you're worried your estate might qualify for the tax, that's all the more reason to speak with an established estate planning attorney and create a Trust.

For example, if you are a family of four earning $ 23,000 to $ 94,000 — up to 400 times the 2014 federal poverty level — will qualify for some tax breaks.