Section 105 Of The Internal Revenue Code

Definition of "Section 105 of the internal revenue code"

Marcanne  Green real estate agent

Written by

Marcanne Greenelite badge icon

Marcanne Green Real Estate

Federal statute that permits the self-employed a 100% tax deduction for the family health care expenses to include health insurance premiums, disability INCOME insurance premiums, and LONG-TERM CARE insurance premiums. Also deductible on a 100% basis are noninsured medical, dental, and vision care expenses.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

State plans that provide health insurance coverage for those who are unable to purchase medical insurance. Coverage is provided by a specially formed nonprofit-making pool comprised of all ...

Maximum sum of money that the insurance company will pay, during the time interval that the product liability insurance coverage is in effect, for all product liability-related claims ...

Standard property/casualty insurance premium set by a state rating bureau. States have responsibility for regulating insurers and making certain that rates are reasonable. To this end, ...

Account established by the insurance company specifically for beneficiaries of a life insurance policy where the beneficiary has the choice of leaving the death benefit on deposit in the ...

Case where an insurance company is placed by the state court under the control of the state insurance department. Claims are paid in the order filed until the insurance company's ability to ...

Health plans established by associations of hospitals and physicians to provide hospital service and care, and medical and surgical care. ...

Nominal interest rate minus the rate of inflation. ...

Statistical approach stating that if a series of samples is taken from a stable population, the distribution of the means (averages) of these samples will form a normal distribution whose ...

Apparent agreement that is not a valid contract. ...

Popular Insurance Questions