Are Health Care Premiums Tax Deductible?
As tax season nears, many people often wonder whether health care premiums can be deducted. The answer depends on various factors including your employment status (whether self-employed or employee), as well as how much was spent on medical expenses such as premiums throughout the year. As the IRS indicates, most non-retired Americans receive their group health insurance premiums pretax through their employer and cannot “double dip” and deduct those premiums again when filing taxes. However, self-employed taxpayers may be eligible to deduct these health insurance premiums along with qualified medical expenses as an above-the-line deduction on Schedule A of Form 1040 according to IRS guidance. To qualify for the health insurance premium write-off, you must possess your own qualifying long-term care policy for yourself and any eligible dependents residing with you for at least a year and be paying premiums that do not exceed your net profit for that year.…
How to Start Forex Trading
Forex trading is a method of making money through buying and selling currency on the foreign exchange market, an international marketplace which operates 24/7/5.5 days each week worldwide and allows traders to use leverage to increase potential returns. Starting Forex trading requires taking several steps. First, locate and register with a trustworthy broker; next step should be defining financial goals and allocating risk capital accordingly; finally creating a trading plan and developing an online trading platform will need to take place. As an entry to forex trading, selecting an established and liquid currency pair is of great importance. There is an array of choices when it comes to selecting your first pair, each offering different characteristics which may make it more or less appealing for traders – the euro-dollar pair is highly liquid and tends to offer low spreads while other currency pairings, like yen-dollar pairs, may have larger spreads…
How to Make Money With Forex Trading
Forex trading offers people an avenue for making money by taking advantage of differences between currencies’ values. Currencies can fluctuate due to various economic factors; but if you know how to leverage this market properly, your chances of making substantial profits increase significantly. We will discuss in this article some key components that distinguish successful traders from those struggling to make a living trading currencies. Forex traders usually make money through taking advantage of price differences between a base currency and quote currency, such as EUR/USD trading. When purchasing Euro for US Dollars (known as going long on the pair) traders who anticipate that its value will rise against quote currency can make money by selling their positions for higher than when purchased – effectively creating profits through currency speculation. Many traders also make money through hedging forex positions. By hedging their position, traders can reduce the impact of short-term…
How to Make Money in Forex Trading
Anyone who lived through the 90s will remember an onslaught of get-rich-quick schemes that flooded radio, email chains and infomercials during that decade. Though most weren’t scams, many did promise wealth beyond anyone’s reach – one such popular get-rich-quick scheme was currency trading. Forex trading involves purchasing and selling money, much like exchanging currencies when traveling to different countries, except that traders purchase and sell currency pairs rather than individual ones. Profit is made by correctly anticipating whether a pair will increase or decrease in value against one another. Currencies are usually traded in pairs, and in order to trade effectively with them a trader must understand both currencies involved. Furthermore, they need to know how these interact with one another – for instance if Euro strength was greater than Dollar’s then the trader may purchase euros while selling dollars (known as long positions). Once exchange rates increase they would…
Which Lottery Game Has the Best Chance of Winning?
Luck plays a huge role in winning the lottery, yet we all understand that which lottery game offers the greatest chances of success? And what impact this has for players when selecting numbers and jackpot prizes to go after? In this article we’ll address these concerns so you can select one which best meets your financial requirements. As the odds of winning a lottery prize depend on the total number of tickets sold, it’s wise to carefully consider your options prior to playing a lottery game. For optimal odds of success, look for smaller lotteries with fewer numbers as this will reduce your chance of selecting all possible combinations and increase your odds of striking lucky! Lotterie jackpot prizes often reach headline-making amounts for good reason: they generate excitement and attention that helps promote the lottery game itself. Unfortunately, however, larger jackpots become harder to win; that is why lottery…
Which Lottery Game Has the Best Chance of Winning?
Luck plays a huge role in winning the lottery, yet we all understand that which lottery game offers the greatest chances of success? And what impact this has for players when selecting numbers and jackpot prizes to go after? In this article we’ll address these concerns so you can select one which best meets your financial requirements. As the odds of winning a lottery prize depend on the total number of tickets sold, it’s wise to carefully consider your options prior to playing a lottery game. For optimal odds of success, look for smaller lotteries with fewer numbers as this will reduce your chance of selecting all possible combinations and increase your odds of striking lucky! Lotterie jackpot prizes often reach headline-making amounts for good reason: they generate excitement and attention that helps promote the lottery game itself. Unfortunately, however, larger jackpots become harder to win; that is why lottery…