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You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.

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Is it too late to get health insurance?

It is not too late to get health insurance. You can enroll in a health insurance plan during the open enrollment period or qualify for a special enrollment period if you have experienced a qualifying life event.


How can I avoid the health insurance penalty for 2017?

To avoid the health insurance penalty for 2017, you need to have qualifying health coverage for the entire year or qualify for an exemption. Make sure to enroll in a health insurance plan that meets the requirements set by the Affordable Care Act, or explore if you qualify for any exemptions based on your circumstances.


How can I avoid the health insurance penalty in 2016?

To avoid the health insurance penalty in 2016, you can either have qualifying health coverage throughout the year or qualify for an exemption based on certain circumstances, such as financial hardship or religious beliefs.


How can I qualify for a student loan?

To qualify for a student loan, you typically need to be enrolled in a qualifying educational program, be a U.S. citizen or eligible non-citizen, maintain satisfactory academic progress, and fill out the Free Application for Federal Student Aid (FAFSA). Additionally, you may need a co-signer or meet certain credit requirements for private student loans.


Where can one get a cheap homeowner loan?

You can get a cheap homeowner loan by seeing if you qualify for HUD. HUD offers low down payments, low closing costs and easy credit qualifying. You can also check with your local bank branch for loan qualifications and rates.

Related Questions

What is the verb form of qualification?

The verb for qualification is qualify.Other verbs are qualifies, qualifying and qualified.Some example sentences are:"We will qualify for this match"."He qualifies for the job"."I am qualifying for a promotion"."He qualified for the position".


What is the correct noun of qualify?

The noun forms for the verb to qualify are the gerund, qualifying, and qualification.


What is the difference between single or head of household in federal taxes?

Its not really a choice...if you qualify as head of household...but you must qualify...it's better. If you qualify, filing Head of Household enables you to greatly lower your tax liability by applying exemptions to lower your taxable income amount. If you also have a qualifying dependent, you may be eligible for an (EIC) Earned Income Credit.


Do arsenal have to qualify for the champions league?

NO they dont HAVE to qualify. But qualifying for the the tournament is a big achievement as it is the premier tournament of Europe.


Do distributions from an inherited IRA qualify for the NYS pension and annuity exclusion?

No, distributions from an inherited IRA do not qualify for the New York State pension and annuity exclusion. This exclusion is generally meant for certain types of retirement income received as a pension or annuity from an employer's retirement plan, not for inherited IRAs.


How do you qualify for unified cyber olympiad third level?

By qualifying 2nd level..:)


Did Serbia qualify for the uefa 2012?

No they did not they were knocked out in the group stage of the qualifying round


How do you spell Qualified?

The past tense or adjective for to qualify is correctly spelled, qualified.


What is the difference between a RRSP and a RRIF?

an rrsp withdrawals do NOT qualify as a pension income. the RRIF withdrawals do qualify as pension income.


What is the difference between progression and qualify?

Progression is how you move forwards/advance; qualify is when something is proved capable/fit etc.


How do you use the word qualifying in a sentence?

My dad is qualifying to be an American citizen. I qualified to be in the National Spelling Bee. My best friend is qualifying to be on the Pep Squad in 7th grade.


What is the difference between golf open golf classic invatational etc?

open means that there are qualifying tournaments beforehand for anyone who would like to play. This is very small amount of spots, but if your good enough and not on the pga tour, you have a shot to qualify. Invitational is invite only tournament