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deductible
deductible, a. and n. (dɪˈdʌktɪb(ə)l) Also deductable. [f. L. deduct- (see prec.) + -ble.] A. adj. Capable of being deducted; spec. that can be deducted from one's tax or from one's taxable income.1856 Mrs. Browning Aur. Leigh ii. (1888) 71 Not one found honestly deductible From any use that pleased... Oxford English Dictionary
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Deductible - Wikipedia
Excess pre-hospitalization is an insurance exception that is often interchangeably but wrongly referred to also as an excess or a deductible. It is "the first amount of the claim which the insured has to bear. If the insured has an excess of $500 and the total repair costs $3,000, then the insured has to pay $500 while the insurer pays the ...
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deductible
deductible/dɪˈdʌktəbl; dɪ`dʌktəbl/ adjthat may be deducted from one's taxable earnings （从应纳税的收入中）可扣除的 Money spent on business expenses is deductible. 业务方面的开支是可扣除税款的. 牛津英汉双解词典
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Deductible vs Excess: When to Opt for One Term Over Another
Excess: On the other hand, excess refers to the portion of a claim that policyholders agree to pay themselves. It is usually expressed as a percentage or a specific amount. For instance, if your policy has a 10% excess and you file a claim for $5,000, you would need to pay $500 (10% of the claim amount), while the insurance provider covers the ...
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Deductible vs. Excess - What's the Difference? | This vs. That
Excess, on the other hand, can be calculated in different ways. It can be a fixed amount, such as $200, or a percentage of the claim amount, such as 10%. For instance, if you have a home insurance policy with a 10% excess and you make a claim for $10,000, you would be responsible for paying $1,000 (10% of $10,000), and the insurance company ...
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Is Buying a Car Tax Deductible?
Mar 30, 2022 — The IRS allows taxpayers to deduct either local and state sales taxes or local and state income taxes, but not both. If you use your vehicle for ...
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Is Car Insurance Tax Deductible?
Find out if you're eligible for a car insurance tax deduction and learn how to properly claim the deduction on your taxes if you qualify.
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Is Buying a Car Tax Deductible?
Mar 16, 2023 — Is Buying a Car Tax Deductible? 202303-can-deduct-car-tax-refund Car tax deduction | Cars.com illustration by Paul Dolan. Stay in the know.
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What Are Non-Deductible Expenses in Business? - FreshBooks
Apr 17, 2023When it comes to non-deductible expenses in business, anything that has to do with personal spending would not be deductible. So, if you go out for lunch with a few friends and fill your personal vehicle with gas on the way, those expenses are non-deductible. Other personal spending can include things like rent clothing and entertainment.
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What Is the Progressive Deductible Savings Bank? - WalletHub
The Progressive Deductible Savings Bank is an optional policy add-on that customers can select when purchasing a Progressive insurance policy. The Deductible Savings Bank reduces a Progressive customer's car insurance deductible by $50 for each six-month period without a claim or driving violation. The reduced deductible will apply starting ...
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Which Home Office Expenses Are Tax Deductible? - The Balance
Sep 13, 2022Direct home office expenses are fully deductible. Indirect home office expenses are partially deductible in an amount equal to the percentage of your home's square footage that's dedicated entirely to your business. You can skip all these calculations and use the simplified method for claiming a home office deduction, but your deduction ...
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What Are Investment Expenses and Which Are Tax Deductible?
Aug 22, 2023Investment Interest Expense: Investment interest expense is the interest paid on money borrowed to purchase taxable investments. This could include a scenario where you've taken out margin loans for buying stocks in a brokerage account. Qualified Dividends: Qualified dividends are dividends that meet certain criteria to be taxed at the capital gains tax rate, which is lower than the ordinary ...
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What Counts Toward Your Health Insurance Deductible?
Aug 27, 2023In these plans, usually any money you spend toward medically-necessary care counts toward your health insurance deductible as long as it's a covered benefit of your health plan and you followed your health plan's rules regarding referrals, prior authorization, and using an in-network provider if required. Although you're paying 100% of your ...
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Are Union Dues Tax Deductible? | IRS.com
Jun 22, 2023Union dues, which are paid by members of a union, can be deducted from your taxes if you meet certain criteria. By deducting your union dues, you can reduce your taxable income and lower your overall tax bill. This deduction can be especially beneficial for those who pay a significant amount of union dues every year.
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High-deductible health plan
A qualifying plan is defined as a health plan that has a minimum deductible not less than some IRS-defined minimum deductible, and a maximum out-of-pocket a deductible of at least $3,000. wikipedia.org
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