0
If they meet the requirements. In most cases you have to reach a certain percentage of income before they can be deducted, something along the lines of anything that is over 2.5% of total income can be deducted. Consult the tax forms, a tax attorney or an accountant for specifics.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Can medical bills from an accident be claimed on taxes if there was a settlement?
Not if the settlement is medical expenses is more than the actual medical expense were. If the expense have already been deducted on your income tax return and you receive a settlement after that then you will have some recovery income that will have to be reported as income on your income tax return.
Are taxes deducted from gross income or net income?
Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.
Can you write dental bills off on your taxes?
Yes. On your schedule A you can include your dental bills as medical expenses.
How much is left after 24815.00 in taxes is deducted from an annual salary of 83500.00?
How much is left after 24815.00 in taxes is deducted from an annual salary of 83500.00?
What taxes would be deducted in determining an employee's net pay?
FICA taxes
What does less applicable taxes means?
It means the salary BEFORE the taxes are deducted
Which of the following is not deducted from an employee's payroll?
Property taxes
What deductions can be deducted from payroll?
Al Federal and State taxes, retirement contributions (401K, IRA), monies owed to employers for things like uniforms or expenses the employer has paid on your behalf that is refundable to them, employee meals at cafeterias, union dues, garnishments of any kind (back taxes, child support, alimony, unpaid bills that have been rendered a judgment by a court, any type of monetary judgment against you). Health insurance premiums, life insurance premiums, Flex spending, Medical savings accounts. You name it. Just about anything can be deducted voluntarily and many things can be deducted involuntarily as well.
What approximate percentage of an individuals paycheck is deducted for taxes?
49%
Is disposable income after you have paid your living expenses?
No. Disposable income is that which is left after all taxes, pension contributions, medical insurance share, etc. has been deducted from an employee's salary.
Do you pay taxes on pain and suffering settlements?
No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.
What approximate percentage of an average individual's paycheck is deducted for taxes?
49%
