| Category: | Insurance agency, |
|---|---|
| Address: | Augusta, ME 04330, USA |
| Postal code: | 04330 |
| Phone: | (207) 624-9753 |
| Website: | http://www.maine.gov/revenue/incomeestate/insurance_premium/insurance_premium.htm |
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Seven and a half percent of that amount is $3,750, so any qualified expenses exceeding that amount are deductible. If your total medical expenses, including premiums, were $6,000 in total, you'd ...
For answers to questions related to gross premiums tax filings, call toll-free at 1-877-308-9103, option 2, option 5, or 919-754-2600. North Carolina levies several types of insurance premiums tax upon insurers, both domestic and foreign, for the privilege of engaging in the business of providing insurance in this State.
The surcharge rate is $1.80 per $100 of premiums, and assessments, or other charges for insurance coverage. The Insurance Premiums Tax and Premium Surcharge laws are located in Kentucky Revised Statutes Chapter 136 and Chapter 304 . 136.330 Tax on premium receipts life insurance company -- Exception.
Life insurance premiums, under most circumstances, are not taxed (i.e., no sales tax is added or charged). These premiums are also not tax-deductible. If an employer pays life insurance premiums ...
Its annual Insurance Premiums License Tax liability can reasonably be expected to exceed $1,500 and, During the quarter, it derived direct gross premium income from policies for insured parties whose home state is the Commonwealth of Virginia. A surplus lines broker is not required to file the quarterly tax report if its annual tax liability is ...
Contact our premium tax and surcharge experts. Call us at 360-725-7031.
Health insurance premiums are tax deductible, but only if your total health care expenses, including premiums, exceed 7.5% of your adjusted gross income, and only the amount above that threshold. Few taxpayers qualify for the deduction. Additionally, George Birrell, certified public accountant and founder of Taxhub, says the limits and how to ...
Health insurance premiums can count as a tax-deductible medical expense (along with other out-of-pocket medical expenses) if you itemize your deductions. You can only deduct medical expenses after ...
The premium tax credit - also known as PTC - is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. To get this credit, you must meet certain requirements and file a tax return with Form 8962, Premium Tax Credit (PTC).
Insurance premium tax is reported by insurers, including authorized domestic, foreign, and alien insurers, who enter into insurance or annuity contracts in Florida, using an Insurance Premium Taxes and Fees Return (Form DR-908 ).Instructions (Form DR-908N ) are available.Form DR-908 is due yearly by March 1.