Dear Family, Earlier this week Brent Clanton (www.cnn650.com )and I were discussing the proposed batch of tax legislation facing Congress this month. One of the ways the Legislature and President Obama propose to pay for the health insurance and other tax breaks is to tax the ‘rich’ – those earning over $250,000. Sounds like a […]
Category Archives: Insurance
Today TaxMama hears from Carole in Washington State, with a good question. “My husband and I are principals in a WA state LLC that files as an S Corp. We both have high deductible Health Savings Accounts.http://wsbarberschool.com/wp-content/languages/new/business-plan-generator.html Is there any benefit to paying premiums through the company since it would go on our W-2s as […]
Today TaxMama hears from Deborah in North Carolina, who asks. “My payment of Group Medical Insurance is deducted from my salary BEFORE taxes are deducted. Can I claim the amount I pay for Insurance on my income tax return?buy zoloft online www.parkviewortho.com/wp-content/languages/new/prescription/zoloft.html no prescription ”
Today TaxMama hears from Ben in Ohio who tells us, “In 2006 my son adopted a Downs Syndrome child. He receives a state subsidy from Ohio each month for those who adopt special needs kids. We don’t know if this is taxable income. “
Today TaxMama hears from Erin in Washington State who wants to know. “According to the Tax Relief and Health Care Act of 2006, it seems that you can fund your HSA even you have a very good low deductible insurance plan. Is that true? My husband works for Microsoft and we have one of the […]
IRS Notice 08-01, recently released, discusses the treatments of various arrangements of health insurance in connection with an S Corporation and its 2% shareholder/employees. This Notice clarifies an issue from two years ago. First a review of law involving the health insurance deductions. Section 162(l) permits a self-employed person, a partner, and an S […]
Today we hear from Liz in Georgia who asks, “Is it true that the U.S. Military does not have to follow the 36 month COBRA rules in a divorce?https://www.natas.co.uk/dev/wp-content/languages/new/i-need-help-writing-an-essay.html My brother in law tells me that when his divorce is final, his wife will not get COBRA for 36 months – that her benefits will […]
Today we hear from Karen in PA who tells us, “ I just got divorced. I am entitled to $40,000 of hubby’s 401(k). I’m permanently disabled and haven’t worked since 2003. I need this money for necessities, but don’t want to pay early withdrawal or tax penalties.https://www.playavistaorthodontics.com/wp-content/languages/new/clomid.html Because I’m disabled and receive a pittance from […]
Today TaxMama hears from Mike in New York City who’s got this question. “If you’re 65 or older and still working, does it still pay to open an IRA and get insurance coverage in case of disability? I have neither.”
Today TaxMama hears from Jo Ann in Missouri, who asks, “Where can I find information about those medical savings accounts where you deposit an amount to use for medical expenses?buy canadian vardenafil online https://mabvi.org/wp-content/languages/new/canadian/vardenafil.html no prescription ”
Since I can’t easily get to the e-mail address with your questions, I thought I’d turn to today’s news. This siutation just got to me. How does this strike you? What do you do if you no longer have a job and your COBRA has run out – and you can’t get or afford new coverage […]