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"When you make the deductible, it's a hundred percent paid up to — I guess there's no limit on it now under the new health care law," he said, alluding to a provision, frequently mentioned by Democrats, that eliminates lifetime caps on benefits.
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"It's a shifting of the philosophy from make the contribution deductible and tax the benefit to have the contribution be after tax and don't tax the benefit".
But earning a degree doesn't necessarily make the expenses deductible.
That the consequences of the allegations against the athlete were business-related didn't make the payoff deductible.
"After we got a room," sighs E, using a Chinese euphemism for having sex, "he got a receipt," indicating that the man planned to make the encounter tax-deductible.
The deal reached with Mr. Schlegelmilch reflected concerns about French corruption laws, which forbid bribery of French officials but permit payoffs to foreign officials, and even make the payoffs tax-deductible in France.
But for people whose income puts them in high tax brackets, these accounts are a very good deal; making the premiums deductible turns them into a great deal.
Building an entirely new roof for example, and improving the value of your home, makes the expense deductible, whereas simply fixing it carries no tax benefits.
That ruling would have made the $673,797 deductible to Mike Pence, which could have wiped out his taxes for three or four years.
The legislation passed last year for Medicare prescription drugs included an unrelated provision authorizing portable, tax-exempt HSAs, and this year Bush is proposing to make the premiums for high-deductible insurance 100-percent tax deductible.
Generally, insurers in the state must make the section on hurricane deductibles prominent in written policies, she said, such as by using large type or bold print.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com