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MEDICAL EXPENSES DEDUCTION
How many Americans can afford high-quality healthcare? A new poll finds the number has fallenAmericans face growing challenges affording healthcare. New data reveals a significant drop in those able to manage medical costs and acces...- No Covid, yet Rs 3.71 lakh hospital bill: Gujarat man's insurance paid only Rs 1.78 lakh, deducting Rs 1.64 lakh; Then court delivered justiceA Gujarat consumer commission ordered a hospital and doctor to refund Rs 1.64 lakh to a patient. The patient was wrongly billed under a Cov...
- How a simple home loan EMI calculation before you apply can reduce your interest burdenA home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...
- Less than 24 hours in Hospital? Know about health insurance coverage for day care treatments, surgeries, and emergency proceduresMany policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments comp...
- US Stock Market: US health insurers post best quarterly performance since pandemic eraU.S. health insurers posted strong first-quarter earnings, easing concerns over rising medical costs and claims pressures. Major players be...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- NC-JCM 49th annual meeting: Pension hike, CGHS expansion & medical allowance boost on agendaThe NC-JCM will hold its 49th annual meeting on May 11, 2026, to discuss key issues impacting central government employees and pensioners. ...
- Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
- Are you ready to pay up to 25% higher premium for your health insurance this year? Here are the ways to reduce your premiumHealth insurance premiums in India are rising by up to 25% due to escalating healthcare costs, increased claims, and changing risk profiles...
- Has Donald Trump administration made Marijuana legal for medical or recreational use in U.S.? Shares of cannabis firms jump big in U.S. Stock MarketCannabis decision by the Federal Government Iargely legitimizes medical marijuana programs in the 40 states that have adopted them.
- New pet at home? Here’s why pet insurance should be your first move, not an afterthoughtGetting a new pet is exciting but also costly and risky. Many owners forget to buy pet insurance early, which can lead to problems later. V...
- Costly tax errors: 5 filing mistakes that could drain up to $2,000 from your walletMany people make simple tax filing mistakes that cost them money every year. These include missing deductions, wrong income details, and no...
- Don’t miss out: Smart last-minute tax moves to boost deductions before April 15Tax tips before April 15 deadline: With the April tax deadline approaching, organize your documents and explore deductions for retirement a...
- Section 80DDB tax benefits for specified illnesses: 5 things to knowSection 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.
- Income tax deduction: Salaried can claim up to Rs 75,000 tax deduction for paying health insurance premiums, how
- Your senior citizen parents' medical bills can help you save tax: Here's howBudget 2018 amended Section 80D of the Income-tax Act which allows a deduction for medical expenditure incurred on senior citizens. However...
- Budget 2023 income tax: Why there is a case for increased standard deduction on salaryUnion Budget 2023: An increase in the standard deduction may serve multiple purposes and provide much-needed relief to salaried taxpayers!
- Medical expenses that can be claimed as tax break under section 80DDBThe deduction under section 80DDB can be claimed irrespective of whether you have paid a premium for a health insurance policy or not. The ...
- IRDAI proposes to restrict proportionate deduction in health insurance claims to help policyholdersIn most health insurance policies, if the rent of the room taken by the insured exceeds the rent covered in the policy, then the hospital b...
- Can I claim medical expenses for my wife as deduction under Income Tax Act?Section 80D of the Act allows taxpayer to claim deduction of Rs 50,000 towards medical expenditure incurred on himself or a family member w...
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