Author: Administrator

Itemized deduction for business expenses

If you are an employee you can claim business expenses tax deduction on several expenses that you incur in conducting the company s business. These deductions should be claimed as itemized deduction on Schedule A, Form 1040.

The IRS or Internal revenue Service recognizes the following as business
expenses on which tax deductions can be claimed: transportation charges, lodging and food expenses on business trips away from home, local transportation other than commuting to work place, entertainment and gifts.

Although the cost of local commuting is not considered for deduction, there are exceptions. If you are going from one workplace to another then you may deduct the expense. For example, trips from office to client office qualify for this deduction. If you work from your home then trips from your home office to office of the organization also qualify. You can also deduct the cost of traveling between home and a temporary work location outside the area where you live and work. A place where you expect to work for less than a year is called a temporary location. Business travel expense has a long list of heads and you can refer to Topic 511 for details.

Financial security through Blue Shield family insurance

Blue Shield family insurance plans are a great start to financial security in the future. Think about this: you invest in your car, you invest in your house, you invest in schooling and in investments and banks, but you might have forgotten about investing in your own health. If you don t have health insurance right now, you may be putting everything else you have at risk of losing it. Your health and your family s health is an investment for your future.

There is an insurance plan directed for each type of family and family budget needs. If you have a very small budget, you might want to look into managed care plans, but if the budget is not a problem, but perhaps you have medical problems that are prevalent in the family you might want to check into coverage that include very low deductibles and very high coverage benefits. Blue Shield has all this and more so you can take the time, read about the types of plans, and choose a coverage that is just right for your family.

On the Blue Shield benefit site, users can find a listing of providers and doctors. If you have a plan that include the listing a doctors that you must see for your visit to be covered you can use this list to find where providers are. If you are traveling to another area of the country, you can use this listing to find a reputable doctor or provider in the area where you are located. Getting the medical help you need, can all start with a click on your personal computer at the Blue Shield site.