In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
That sounds in the ballpark, but the specifics vary a lot depending on her age, where she lives and the type of policy she has. The average cost for the most popular medigap policy, called Plan F, is $1,813 a year for a 65-year-old woman, according to Weiss Ratings -- just a little less than the $2,052 your mom is paying now. Older policyholders with richer policies generally pay more.