What is the definition of a Variable Rate Loan? Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating rate loans.
1 Contingent attorney fees are not deductible, but non-contingent attorney fees may be deductible. 2  Before deducting these fees, talk to a tax specialist to determine if the fees are deductible based on the details of your case.
Prudential will give you a credit for the social security disability attorney fees that you will need to pay. Your SSDI attorney fees will not exceed $6,000. So if you are awarded $20,000 from SSDI and then the attorney fee is $6,000, Prudential would only be entitled to $14,000. deductible source of income is also known as an offset. Social Security Disability Income benefits (SSDI) are almost always considered a deductible source of income. SSDI is only one type of deductible source of income commonly found in group long-term disability policies.