Common or scarce? Political buttons were created for campaigns, for issues, even for special eventsâor sometimes just because. With so many different kinds of political campaign buttons available since they were first created in 1896, and more than 3,000 for the Obama campaign alone, how can you know which ones to collect?
Over-funded Permanent Life Insurance Example. Now hereâs the tricky part. Thereâs a little known IRS rule â IRC 7702 â which allows life insurance policies to be structured for greater cash-value access and growth. It only requires one little thing â a vast reduction of commission to the insurance agent.
Long Term Care Insurance Tax Deductions for Individuals Tax-qualified policies are considered medical expenses. For an individual who itemizes income tax deductions, long-term care insurance premiums are tax deductible to the extent the premiums exceed 10 % of an individual's adjusted gross income (AGI). Exception: The deduction threshold is 7.5% of AGI for any year between 2013 to 2016 that you are 65 or older.