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Re: Financial question about a Doctor’s Visit

I agree it is a good practice to make sure lab work is sent to the correct lab in order to be covered. This is what I did for my first lab work. When a result was out of range, the doctor requested for me to be retested. The fact that my 2nd and 3rd lab works were sent to out of network labs while t...
by cppoly
Sun Apr 06, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial question about a Doctor’s Visit
Replies: 77
Views: 3653

Re: Financial question about a Doctor’s Visit

It was a second appeal for me and I provided the insurance company all the EOBs and the lab results. They fully reviewed it and really didn't care. Do I have any option of small claims court or something? If I don't pay the medical bills this could be used against my credit. I don't see how the doct...
by cppoly
Sun Apr 06, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial question about a Doctor’s Visit
Replies: 77
Views: 3653

Financial question about a Doctor’s Visit

I visited an in-network doctor and on the same day the doctor had my blood taken and sent to a lab. It was sent to an in-network lab and I was covered at 100%. One of the results came back out of range and the doctor requested that I come back in to repeat the blood test. Except this time, the docto...
by cppoly
Sun Apr 06, 2014 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial question about a Doctor’s Visit
Replies: 77
Views: 3653

Re: What are some good income limits to know?

Great thanks! This can be very confusing. At first thought, it looked like the capital gains (which are already taxed at a specific %) were included in AGI, which was further taxed again when I saw Line 43. But instructions for taxable income separate income and capital gains. I guess the reason is ...
by cppoly
Sat Jul 20, 2013 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: What are some good income limits to know?

I didn't really follow everything you just said. Can you give me an example?
by cppoly
Fri Jul 19, 2013 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: What are some good income limits to know?

I'm having some difficulty here. So far it has been said that long term capital gains are taxed at a different rate than ordinary income (0%, 0%, 15%, 15%, 15%, 15%, 15%, 20%). However, I reviewed a 1040 form and line 13 in the income section includes Capital Gain or Loss, which will either add or s...
by cppoly
Fri Jul 19, 2013 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: Different credit scores for couples

Thanks for the tips so far they are helpful. Do I still retain my credit score when I'm married or do I no longer have an individual score but rather a shared score?
by cppoly
Thu Jul 11, 2013 5:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Different credit scores for couples
Replies: 12
Views: 816

Re: Different credit scores for couples

She has a low credit score because she is a doctoral student with debt.

What happens to our credit score if we get married? Are the scores averaged?

Should a house loan be under my name then?
by cppoly
Wed Jul 10, 2013 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Different credit scores for couples
Replies: 12
Views: 816

Different credit scores for couples

I have a very good credit score and my girlfriend has a very low one. What is a good strategy for future investments that I should follow? For instance, a new loan for a house, car, etc. Should everything be done under my name? What happens when we get married?
by cppoly
Wed Jul 10, 2013 7:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Different credit scores for couples
Replies: 12
Views: 816

Re: Capital gains taxes

Thanks
by cppoly
Tue Jun 25, 2013 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains taxes
Replies: 11
Views: 875

Re: Capital gains taxes

There are states near NY that tax STCG and LTCG quite differently. Why do you care? As for federal, there are many different effective rates on STCG and LTCG. For example, it's possible to have a 90% federal tax rate on LTCG and a rate on STCG that is only 11% higher (100%). I would like to know ho...
by cppoly
Mon Jun 24, 2013 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains taxes
Replies: 11
Views: 875

Re: Capital gains taxes

Thanks but the question is asking if the rates are absolute and there are no hidden taxes.
by cppoly
Mon Jun 24, 2013 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains taxes
Replies: 11
Views: 875

Capital gains taxes

Long term capital gains tax is 15% and short term is 25%. You also have to consider state tax as well. I believe it is 5% for NY. My first question is, is state tax on LTCG and STCG the same percentage typically? My next question is, are there any other taxes to be aware of or would 20% and 30% be t...
by cppoly
Mon Jun 24, 2013 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains taxes
Replies: 11
Views: 875

Re: What are some good income limits to know?

Thanks for the help so far. There's a lot of info to take in. I will try to read it and understand it on my own.
by cppoly
Sun Jun 09, 2013 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: What are some good income limits to know?

What affect does capital gains have on your tax bracket? Let's say ordinary income was 50k and capital gains was 50k, is your tax bracket still 25% or now 28%? Because you already pay capital gains when the money is taken out. Your marginal tax rate is computed based on the income other than qualif...
by cppoly
Sat Jun 08, 2013 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: What are some good income limits to know?

Thanks for input so far.

For the site: http://www.cffpinfo.com/pdfs/2013_Annual_Limits.pdf

What income are these numbers based off? AGI, MAGI, gross? Are all phaseouts using the same metrics? (For instance could be based off of AGI, and another be based off of gross?)
by cppoly
Sat Jun 08, 2013 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: What are some good income limits to know?

What affect does capital gains have on your tax bracket? Let's say ordinary income was 50k and capital gains was 50k, is your tax bracket still 25% or now 28%? Because you already pay capital gains when the money is taken out.
by cppoly
Sat Jun 08, 2013 7:13 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

What are some good income limits to know?

What are some basic income limits to be aware of for tax purposes? For instance, if selling stock would raise my income to a certain level then I might not be eligible for certain deductions such as student loan interest. Also ate there certain income levels to be aware of just in general?
by cppoly
Fri Jun 07, 2013 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some good income limits to know?
Replies: 23
Views: 4000

Re: Deducting student loan payment

Good point
by cppoly
Sat Apr 27, 2013 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deducting student loan payment
Replies: 8
Views: 488

Re: Deducting student loan payment

Ok thanks. That's unfair if I sell $50k in stock and all of it goes to student loans, I will stay have to pay taxes on long term gains even though it's going directly to pay off debt. Oh well.
by cppoly
Sat Apr 27, 2013 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Deducting student loan payment
Replies: 8
Views: 488

Deducting student loan payment

If I paid off my entire student loan in full of $50k this year, would any of that be tax deductible? Aside from the interest...
by cppoly
Sat Apr 27, 2013 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Deducting student loan payment
Replies: 8
Views: 488

Re: Roth question

I think you answered my question but used the traditional 401k as the example which was opposite to my question about the Roth, but since it was the opposite it answers the Roth question. That sounds complicated, but basically I was asking about a company sponsored Roth 401k. I was comparing a Roth ...
by cppoly
Sat Mar 30, 2013 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 6
Views: 446

Roth question

Comparing a Roth's taxes to a regular 401k, is this true: 1) Paycheck are less 2) End of year tax liability is more For instance, $100 weekly deductions for a Roth would trigger an approximate $30 less paycheck. And tax liability at the end of the year would increase $1,300 assuming a 25% marginal t...
by cppoly
Sat Mar 30, 2013 7:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 6
Views: 446

Re: 401k vs Roth 401k tax question

I'm confused though. If Roth deductions are already taxed when the money goes into the account, why would my taxable income still remain the original $50k? Wouldn't that be taxing twice?
by cppoly
Fri Mar 15, 2013 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth 401k tax question
Replies: 4
Views: 305

401k vs Roth 401k tax question

For a company 401k, the money is taken out pre-tax and at the end of the year my taxable income is reduced by these deductions. For instance, a salary of $50k with $5k in 401k deductions brings down my taxable income to $45k. However how does this work with a company Roth 401k? I understand that the...
by cppoly
Fri Mar 15, 2013 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth 401k tax question
Replies: 4
Views: 305

Re: W2 question

Update: turns out I was right. The dental was not selected as pre-tax but HR said going forward it will be setup that way. The question is if it was setup wrong for past years, does the company have to reissue W2's for previous years so I can collect a proper refund?
by cppoly
Thu Jan 31, 2013 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

Re: W2 question

My paycheck doesn't have any of that... Oh well
by cppoly
Sun Jan 27, 2013 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

Re: W2 question

If all these deductions (dental, medical, etc.) have a notation on your paystub saying that they are pre-tax, then you have something to discuss with HR/payroll. As I said before, just because something is deducted from your pay doesn't make it automatically pre-tax. With my employer, one dental pl...
by cppoly
Sun Jan 27, 2013 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

Re: W2 question

Update:

I checked my paycheck, and dental is listed under the "Deductions" section along with medical, 401k, and vision....

So does this mean this is pre-tax?? That would mean this is indeed a mistake on the W2
by cppoly
Sun Jan 27, 2013 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

Re: W2 question

Unfortunatly, my HR department is not being cooperative. I only got an answer that that dental is not pre-tax and this doesn't answer the why portion because I believe it's incorrect.
by cppoly
Sat Jan 26, 2013 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

Re: W2 question

I have a document from the company saying medical, dental, and vision will be taken out bi-weekly on a pre-tax basis. To me that is enough proof. Investor 1, I did not compare pay stubs to W2 yet. But let's say the discrepancy is that my official document from the company says "pre-tax" fo...
by cppoly
Sat Jan 26, 2013 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

W2 question

My employer issued W2's and I think there is an error on them. Box 1 is supposed to contain gross income minus voluntary deductions such as 401k, medical, vision, and dental. 401k, medical, and vision deductions were subtracted from gross income and that is what's in Box 1, however the dental deduct...
by cppoly
Sat Jan 26, 2013 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: W2 question
Replies: 25
Views: 1679

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