Are medicare payments tax deductible?
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Premiums for Part B are deductible as a medical expense on Schedule A if you itemize.  You should recieve a form 1099-SSA showing that amount in Box 3.
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Include everything on your taxes to avoid litigation. Especially your expenses, they are deductable and will lower you tax liability, consult a tax professional.
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You can spend your money in ways that are tax deductible and reduce you tax liability.  For example, if you purchase a hybrid car, have education expenses, or moving expenses, or large medical expenses, it's possible you can qualify for credits, or receive deductions beyond the standard deduction.
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Ask a friend or neighbor you respect who they use.\nA deductible is the amount you must pay before insurance begins to pay.
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The deductible is the amount that you would pay out of pocket before the insurance comany pays. You should check your plan benefits since the deductible usually applies to services that are received out of network, it ususally doesn't apply to in network services.\nThe $250 withheld from your pay is yor share of the health insurance premium paid each month. This amount should be treated as a pre-tax benefit. If it isn't ask your employer to install a flexible spending plan so that it can be treated as pre-tax income.
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Under the federal disability guidelines, the insuring agency is permitted to deduct any wages earned from the amount that you are paid by the insurance company.  Beware however, that if they find that you are able to work a "reasonable" number of hours, they can suspend or end your disability payments.
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Actually, that first answer is wrong - maybe he didn't realize he was in the Canada taxes section.  You can claim any medical expenses that exceed 3% of your NET income.  I have no way of knowing what your net income is, but I'm guessing that it is probably too high for you to deduct medical expenses anyway.  If it IS low enough to allow you to claim the medical expense, then you are in a really low tax bracket, so not likely the $60 expense would result in a $60 tax saving.
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if you own your own business almost everything is a deduction but if you work in a hospital you can deduct the cost of your uniforms. you would report it on the schedule a along with your other itimized deductions. other than that you could call the irs or go to your local tax office to get the full details that relate to your particular situatuion.
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The above answer is blatantly false. The IRS taxes all lawsuit awards and settlements not for physical injury or disease, and even for those awards, they tax all punitive damages and interest. Legal fees are to be deducted from the award.
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you can deduct it on your tax return\n\ngo to www.irs.gov for tax laws and information.
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It may be that they will waive the deductible if you are double covered, but if you are paying by payroll deduction you might want to discontinue one or the other.  Ask the benefits specialist at each employer.
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The part of the tax code that prevents you from deducting long term care insurance is the same part of the code that doesn't say you can deduct it.\n\nThe only things that are deductible are the things the tax code says are deductible. Since the code doesn't address a deduction for long term care insurance then it is not deductible.
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I do not believe that it is.  If you are talking federal income tax returns, the only tax that's deductible is state income tax and any type of governmental tax, such as real estate property tax, city and county taxes, and personal property tax (such as registration fees paid to the dept of motor vehicles).\n\nHowever, it's worth a call to someone to make sure!  You can probably call the IRS's 800-number for taxpayer questions.  (Might be better to do that than rely on the answers here!)\n\nGood luck!\n\n~ ♥ ~
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Standard form 1040, and yes...loss of sale of any asset is deductable.
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You can deduct all reasonable business expenses you incurred. Read: http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
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Yes, any money your receive, no matter the source or what it is called is taxable and must be reported to IRS.\nHowever it may also be allowed to be deductable expense, you must confer with a tax expert on this matter, remember the company is required to notify IRS of this payment to you so Do Not Try To Hide It from IRS. Good Luck
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I assume this is some sort of Homeowner's Association, where each person pays a small portion and it goes to pay for things like a community pool, landscaping, etc.  \n\nIf this is the case, it is not tax deductible.  These are things that would not be deductible of you paid them yourself.  Just because the NID management makes the decisions does not change how it is handled tax wise.