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An SIR differs from a true deductible in at least two important ways. Most importantly, a liability policys limit stacks on top of an SIR while the amount of liability insurance deductible is subtracted from the policys limit. As contrasted with ... more
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Homeowners association fees are considered personal living expenses and are not tax-deductible. If, however, an association has a special assessment to make one or more capital improvements, condo owners may be able to add the expense to their cost ... more
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• A: Yes. The standard deductible on all property insurance claims is $2500.00. It is important to note that University insurance will cover only the replacement cost of goods. To submit an insurance claim please contact Risk Management and ... more
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Yes. The state of Wisconsin and the federal government encourage voluntary support of foundations through liberal deduction allowances. All gifts are tax deductible within state and federal laws. ... more
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In most cases, the donor takes care of shipping costs as they may be tax deductible. Please consult your tax advisor regarding questions about deducting donated goods and services. In situations where the donor cannot handle shipping, we use our ... more
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No, checkoff payments made in conjunction with foal registration do not qualify as charitable contributions for federal income tax purposes. ... more
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That's only where the insult starts. In effect, Microsoft never actually had to spend a dime to provide the options, even though it deducted them. The only expense the company incurred was the cost of printing out the stock certificates. "Because ... more
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Expenses and charges over the reasonable and customary limits do not apply to your annual deductible or out-of-pocket maximum. ... more
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Consult your Form 1098, sent to you by your lender, to determine how much you paid in interest over the year. If your mortgage amount is less than $500,000 ($1 million if you are married filing jointly), the entire amount is deductible. If it is ... more
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