- qualified expenses
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n.Expenses that meet certain criteria, such as specific medical expenses.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
Qualified Higher Education Expense — Expenses such as tuition and tuition related expenses that an individual, spouse, or child must pay to an eligible post secondary institution. These expenses are important because they can determine whether or not you can exclude the interest off … Investment dictionary
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qualified retirement plan — A retirement plan established by employers for their employees that meets the requirements of Internal Revenue Code Section 401( a) or 403( a) and is eligible for special tax considerations. The plan may provide for employer contributions, as in… … Financial and business terms
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Public Policy Limitation on Deduction for Business Expenses — Brief Introduction: Deduction for Business Expenses Section 162(a) of the Internal Revenue Code allows for taxpayers to deduct ordinary and necessary expenses paid or incurred in carrying on a trade or business from their gross income. [26 U.S.C … Wikipedia
IRS Publication 503: Child And Dependent Care Expenses — A document published by the Internal Revenue Service that outlines the criteria which must be met in order for a taxpayer to deduct expenses for the care of children and dependents. IRS Publication 503 indicates that expenses can be claimed only… … Investment dictionary
Non-Qualified Distribution — 1) A distribution from a Roth IRA that occurs before the Roth IRA owner meets certain requirements (see definition for qualified distributions). 2) A distribution from an education savings account that exceeds the amount used for qualified… … Investment dictionary