Excise taxes are a type of tax charged for specific goods and services, such as alcohol, tobacco, fuel, and airline tickets.
If you have been given what’s called an ‘emergency tax code’ you will be taxed on your entire income, instead of the amount above your personal allowance. This can be the case if you change jobs and your new employer doesn’t have your tax code, or if details haven’t been passed...
Consider stashing the money in a savings account or emergency fund to have cash on hand for unexpected expenses. Explore options like a health savings account (HSA) for tax-free savings on medical costs. Financial experts recommend saving three to six months of expenses for an emergency fund. ...
The code “IRS Treas 310” is used by the Internal Revenue Service (IRS) to indicate that a tax refund has been issued. It stands for the Treasury 310 code, which is the ACH credit method used by the IRS for direct deposit of tax refunds. The “IRS Treas 310” code is a standard ...
Distance to nearest fire station:The closer you are to afire station, the faster authorities are likely to get to you in an emergency, which could minimize damage. Deductible:Yourdeductibleis the amount you agree to pay out of pocket if you file a claim. Choosing a higher deductible means ...
Earthquake policies generally have a steepdeductible, which is the amount subtracted from your claim payment. While you might have a flat-rate deductible such as $500 or $1,000 on your homeowners policy, earthquake deductibles tend to be a percentage of your coverage limits. These percentages ma...
emergency services As previously stated, health insurance follows a cost-sharing set-up through the use of some of the major features in a health insurance plan such as the coinsurance. Let’s take a look at these other features to better understand how coinsurance works. ...
A not-for-profit organization that is not exempt under section 501(c)(3) of the Internal Revenue Code is considered a qualifying employer if it provides at least one of the following public services: Emergency management Military service (on behalf of the US armed forces or the National Guard...
Elizabeth Rivelli is a freelance writer with more than three years of experience covering personal finance and insurance. She has extensive knowledge of various insurance lines, including car insurance and property insurance. Her byline has appeared in dozens of online finance publications, like The ...
Now that we’ve covered the other major features in a health insurance plan, let’s talk about coinsurance. Coinsurance is the percentage of costs the consumer is responsible for after hitting the deductible. Like the copayment, coinsurance is one of the ways the consumer and the insurance com...