Shannon Harvey Insurance

Tax season is here again and I'm sure you're getting ready to file your tax returns.   

Recently, I came across a list of common deductions and noticed many of them applied to me... some that my tax preparer had never even mentioned.  It made me wonder how much more money I could be getting back if I had only known about this list earlier. 

You want to make sure you get all the money you can get in these tough times.  For more information go www.IRS.gov .... it has a lot of information on new tax laws.  Make the most out of tax season this year and be knowledgeable about your deductions!!

54 Safe and Legal Deductions to Save On Taxes 

1. Cost of having a tax return the previous year.

2. Dues to professional societies and subscriptions to professional journals.

3. Medical insurance premiums.

4. Union dues and expenses.

5. Liquidated damages to a former employer, such as for a broken contract.

6. Gambling losses.  (However, winnings are taxable)

7. Money given to non-profit charities.

8. Cost of uniforms and/or special clothing required on the job.

9. Special shoes required for your job.

10. Special tools, equipment, and supplies necessary for your job.

11. Credit for political contributions.

12. Credit for care of a child or dependent.

13. Earned income credit (for low income workers.)

14. Energy tax credit, for making energy efficiency improvements to home.

15. Charitable gifts such as clothing, furniture, real estate, etc.

16. Doctors, dentists, hospital bills.

17. Cost of prescriptions, drugs.

18. Expenses for eyeglasses, hearing aids, dentures, contact lenses, etc.

19. Employment agency fee when looking for work.

20. Moving expenses, when necessary for business related reasons.

21. Fees for books, newsletters, seminars, etc., that give tax advice.

22. Upkeep expenses (including laundry, cleaning) for uniforms, work clothes.

23. Protective clothing such as safety shoes & glasses, hard hats, etc.

24. Appraisal fee to determine market value of property claimed as deduction.

25. Home telephone expenses relating to your job, including long distance.

26. Customer entertainment.

27. Professional licenses.

28. Malpractice insurance (as in case of nurses, doctors, etc.)

29. Investment expenses for advice paid to banks, brokers, advisors, etc.

30. Travel expenses to consult with broker, to do investment research, etc.

31. Cost of safety deposit box rental.

32. Cost of preparing, typing, printing, mailing, etc., job resumes.

33. Cost of seminars, books, classes, etc., on how to write a job resume.

34. Travel and transportation expenses necessary for finding new employment.

35. Meal and lodging costs when necessary for finding a new job.

36. Cost of education required by your employer for keeping your job.

37. Cost of education to improve skills required for performing current work.

38. Donations to churches, religious, non-profit organizations.

39. Losses caused by accidents, storms, floods, thefts, etc.

40. Elective surgery such as face-lifts, breast implants, thigh-tapering, etc.

41. Acupuncture.

42. Laetrile, in states where it is legal.

43. Psychiatric and psychological care and treatment.

44. Transportation to and from places for medical examinations, treatments, etc.

45. Sales taxes, including big items such as car, etc.

46. Mortgage interest.

47. Interest on credit card and department store charges.

48. Interest on loan purchases, such as automobile.

49. Closing costs when selling home and moving, for business related reasons.

50. Capital gains and losses.

51. Personal retirement plans such as IRA and Keogh plans.

52. Personal property taxes, state and local taxes.

53. Real estate taxes.

54. Alimony.

 

 

This list was accurate at the time of publication.  Be sure to contact your nearest IRS office or your tax preparer for the most recent changes in tax laws.

P.S.  Everyone could use a little more money these days, please feel free to forward these deductions to your family and friends

Greenville, SC (March 8, 2010) -Allstate Agency Owner Shannon Harvey, formerly located across from Bob Jones University on Wade Hampton Boulevard, has moved to a new office located on The Motor Mile at 101 Verdae Boulevard in Verdae Village Shopping Center.

Shannon will continue to offer the same excellent service to the surrounding community, whatever their insurance needs.

Allstate Insurance Company has a product for the life cycle of its customers.  Look to Shannon Harvey for help when choosing the coverage. He offers competitive rates and outstanding service.

"My agency's commitment has always been to serve the customers and our community," said Shannon.  "That commitment to service continues from our new location."  The community and area business owners are invited to visit Shannon's new location and learn more about services offered.

Shannon can be reached at 864-268-9580 for more information.

You've just paid a small fortune for the perfect engagement ring. You've made reservations for a romantic Valentine's Day proposal at your special restaurant or favorite setting. And after all of this planning, you're hoping that the special person in your life says: "Yes, I will marry you!" 

We wish you the best of luck with your proposal, we hope your significant other is ready to say "yes!" and we also hope you'll say "yes!" to one other very important question: Have you properly insured that beautiful diamond ring?

We're dedicated to helping customers protect what they have today and to better prepare for tomorrow.  An engagement ring can be the most valuable item a newly engaged couple owns and may require added insurance coverage to protect its full value.

The Insurance Information Institute advises that standard homeowners and renters insurance policies include coverage for personal items such as jewelry.  However, many policies limit the dollar amount for theft of valuable personal possessions such as jewelry, furs, and precious stones from $1,000 to $2,000 total.

To make sure your jewelry is adequately protected, the Insurance Information Institute suggests the following:

 

• Contact your insurance professional immediately
  Let your agent or company representative know that you are now in possession of an expensive piece of jewelry. To properly insure jewelry and other expensive items, consider purchasing additional coverage through a floater or an endorsement.

 

• Have the item appraised
  Heirlooms and items that were purchased several years ago will need to be appraised for their dollar value. Ask your insurer for recommendations regarding a reputable appraiser. It is important that expensive items are appraised accurately. If you purchase a floater or endorsement, you will pay premium based on this amount. In the event of a claim, you will be compensated for this dollar amount as well.

 

• Keep a copy of the store receipt
  You will need to forward a copy of the receipt to your insurer so that the company knows the current retail value of the item. Keep a copy for yourself and include it in your home inventory.

 

• Update the value of your jewelry
  Expensive items go up or go down in value. Talk to your insurance professional about how to make sure the dollar amount of your floater or endorsement reflects these changes. Prices for floaters and endorsements will vary depending on the type of jewelry, the insurance company you chose, where you live and where the item will be kept.

 

For more information on insuring your diamond ring, contact your local Allstate agent to discuss whether you're properly insured.

The earthquake in Haiti has compelled millions of people to generously give their money, food, and time to help with the relief efforts.  Since January 12^th, pictures of children playing outside next to leveled homes has inspired an unprecedented number of donations from people across the globe.  Most of these were small - around $10 Dollars - but millions of these small donations add up!

With media swarming the event, you are reminded everyday of the many different ways to donate money.  Among the newest and most popular ways is text messaging.  However, is this new phenomenon the most efficient way to help out the people of Haiti?

When you text in a donation, the amount is added to your phone bill.  It can take up to 90 days for your phone service provider to send all the money to charities.

The most efficient way to give is online.  Most charities allow you to make credit card donations directly through their websites.  This is the fastest way to give and the least expensive to process.

Here are 4 Tips To Make Your Gifts to Haiti Count:

1. Give to charities that already have experience in Haiti - There are many worthwhile organizations with a good track record in Haiti.
2. Don't earmark donations - Once you've selected a good charity, don't put restrictions on your donations.
3. Take advantage of new tax rules - If you think the deduction will be more in 2010, you can claim your donation when you file your 2010 tax return.  There are also options to claim on your 2009 taxes (Check with your tax preparer to see which is best for you.)
4. Make a long-term commitment to give - It may take a minimum of 10 years for Haiti to get back on their feet, so continue to support organizations that are staying in Haiti.

Remember, charities aren't equally helpful, so be as picky as you are generous.  If you trust an organization and they have a good track record, let them use their judgment to handle the disaster.

Here are some Haiti relief organizations who have received top ratings:

• Action Against Hunger, www.actionagainsthunger.org
• American Red Cross, www.redcross.org
• Doctors Without Borders - USA, www.doctorswithoutborders.org
• Partners With Health, www.standwithhaiti.com
• CARE, www.care.org
• Save The Children, www.savethechildren.org

All the Best!

Occasionally I'll get a text message while driving...and as soon as I go to read it my wife will remind me to practice what I preach. She's right, of course. All it takes is a little patience and discipline to exponentially reduce my odds of having a traffic accident. Apparently we're not the only ones dealing with this issue.

Recently many American parents have been turning to a British Public Service Announcement (WARNING! BRITISH PSA IS GRAPHIC!) produced by the Gwent Police Department in Wales to make an impression on American teens about the dangers of texting while driving. The response has been staggering as it has received nearly 3.5-million hits on YouTube.

The Today Show ran a segment in response to the British PSA that underscores just how big of a problem texting while driving is here in the U.S. A couple of interesting points:

1. Recently in Los Angeles, 25 died and 100 were injured when a train driver ran a signal just seconds after texting
2. A recent Virginia study shows the risk of collision jumps 23-times if texting while driving
3. A recent study shows that 18-to-25-year old drivers talking on a cell phone with a headset reacted as slowly as 65-to-74-year old drivers without any distractions.
4. 17 states and Washington, DC ban texting while driving
5. 7 states ban hand-held cell phone usage while driving
6. The National Transportation Safety Board thinks 10,000 deaths on US roadways annually could be prevented if we all stopped texting while driving

If anyone has a teenager, I recommend having them watch the British PSA so they can see the real and graphic consequences that could result from texting while driving. Since AAA conducted a survey recently that showed 21% of respondents had recently texted while driving, I also recommend the video for adults as well. Adults should aim to lead by example here. It's better to plan for the worst than to simply hope for the best.

Some friends had a pretty big scare recently.  An auto fire resulted from their having left a cell phone charger plugged into their car outlet .  The charger overheated and started a fire while parked in their garage. Fortunately, they are all okay but they wanted to warn everyone not to make the same mistake they made. 

A couple of lessons they say they've learned here:

1. Never leave anything plugged into a power point in your vehicle - especially if your vehicle maintains constant power to the outlet when the engine is shut off.  (If you're lucky enough to avoid a fire, the device can still run down your car battery.)
2. Make sure you have smoke detectors installed in your garage and house...and just as important, check regularly to make sure that the detectors are working!

Our friends feel very fortunate to have accidentally discovered the fire (at 11pm) before going to bed and before it spread to the house.  None of their garage heat detectors or house fire alarms went off. PLEASE unplug anything you have in your car outlets once you turn off your car! It's nice to hope for the best, but better to plan for the worst.

Feel free to pass this along, in hopes that you and everyone you know has a safe and happy new year. Below I've attached some pictures of what remains of their 2007 Suburban.

At the first sign of cold weather, many of us scurry to make sure our home is "winterized;" we check over the furnace, replace drafty windows, try on last year's coat and pull out the down comforter. One more thing we need to double check so we're not left out in the cold is our car.

The cold winter months can be very hard on your automobile. If you notice any problems with your automobile, have your mechanic take a look at it now so that you do not end up stranded on a cold winter day.

The following tips from Allstate will help to prepare your automobile for the cold weather:

 

• Make sure that if your engine is experiencing hard starts, stalling or having other problems that you get it repaired.
• Windshield wiper blades that are not making full contact with the window or that are dried out should be replaced.  Also make sure to keep extra washer fluid and an ice scraper in your car.
• Keep a cold weather safety kit in your car that that includes gloves, boots, blankets, flares, water and a flashlight.
• Examine your tires for tread life and uneven wearing.  Also make sure tires are properly inflated, tires lose a pound of pressure for every 10 degrees the temperature drops.
• Make sure the heater and defroster are properly working to ensure passenger comfort and driver visibility.
• The cooling system should be flushed every two years with a 50/50 mixture of antifreeze and water.  Have the level, condition and concentration of the antifreeze mixture checked periodically.
• Have your mechanic check your battery fluid levels, battery posts and cable connectors.  Bad connections can keep your car from starting.
• Brakes should be checked as recommended, but if you are having trouble such as pulsations, noises or longer stopping distances, get a professional to look at it right away.
• Make sure all lights and bulbs are in working order and replace any burned-out bulbs.

 

We also offer drivers the following safety tips for driving in extreme winter weather conditions:

 

•1.    Reduce your speed

Snow and ice greatly increase the stopping distance for all vehicles. Even four-wheel drive vehicles need to adjust to hazardous road conditions. Not knowing when you are about to encounter black ice, the best driving advice to those that must be on the road is, slow down.

  

2.   Maintain your car and check that the:

• Tires don't show excessive signs of wear
• Battery is fully charged
• Wipers are working and windshield fluid is full
• Cooling system is in good working condition

  

3.   Prepare for the unexpected and carry:

• A flashlight
• Jumper cables
• Blankets
• First-aid kit
• A shovel
• A cellular telephone

 

Additionally, The National Highway Traffic Safety Administration recommends that the following steps be taken when a vehicle stalls:

• Stay with the car
• Put a bright marker on the antenna or in the windows
• Clear the exhaust pipe, if you can run your car
• Run your car just long enough to remove the chill

 

We're concerned not only about our customers, but our community at large. It takes all of us to keep the road safe in challenging weather conditions. This is just our way of lending a good hand.

I received an email recently from a friend about Santa's Email. While I ignored the email at first, I now must admit this is one of the coolest things my wife and I will remember about this Christmas...and it was FREE.

You basically click on the link above (it's FREE...did I mention that?) and you plug in information about the child you'd like Santa to email. For us it was our 3-year old son, Jackson, but it could either be a son, daughter, neice, nephew, grandchild...you name it. The form asks for their name, what state they live in, their age, what toy they asked for and WILL BE GETTING this Christmas, along with a couple of other pieces of information, like what special behavior they've been working on this year (for Jackson it has been saying "please" and "thank you"). You also provide an email for the message to be received, which in our case was my wife's email address.

I did all of this on blind faith, despite trusting the friend who sent me the original email. It took about 10-minutes of my time and was exponentially worth it. My wife called me later that day & said I wouldn't believe the email and Jackson's reaction to it. The email gives a video message from the most authentic looking Santa (sitting in his workshop, nonetheless) I've seen in some time. The message was customized toward Jackson, with Santa talking about travelling from the North Pole to South Carolina and even mentioning Jackson's behavior and the gift he had asked for.

My wife said Jackson was awestruck about the video message and kept talking about his email from Santa. When I came home that night it was pure entertainment hearing him talk about it. We are already talking about next Christmas doing the same thing for our 15-month old daughter in hopes that she'll appreciate it also. I get the feeling this will become an annual Christmas event for the children.

So, if you have a special child who you know would love to get a video email message from Santa, invest the 10-minutes to send it to them. You'll be happy you did.

Merry Christmas!

 

 

Allstate's "X the TXT: Thumbs Up to the Safest Holiday Ever" is a national public awareness campaign aimed at minimizing one of the most dangerous driver distractions facing teens today- texting. The campaign includes stops in 30 cities (including The Today Show), where participants will pledge not to text and drive by leaving their thumb prints on a pledge banner making its way across the country.

By taking the pledge, Allstate hopes teens and parents will take personal action to help save lives this holiday season and beyond. The holidays are one of the deadliest times of the year for teen drivers, and this campaign is the latest in Allstate's long-standing commitment to promoting teen safe driving.

Allstate is partnering with singer Jordin Sparks and her mom, Jodi Sparks, to help us X the TXT. Beginning with a national kickoff on November 17, the campaign tour will include live pledge events in 30 cities from November through January, with a "Top the Tally" competition to see which city can gather the most thumb pledges. Other components of the campaign include:

• Teens who take the pledge will receive thumb bands they can wear as a reminder and symbol of their pledge.
• Reaching out to the public to encourage them to join our Facebook cause page and make a virtual pledge not to text and drive.
• Allstate donating $1 (up to $25,000) to the National Organizations for Youth Safety (NOYS) for every Facebook pledge supporter of Facebook.com/thumbsuppledge.

How can you get involved? 

There are a number of ways you can get involved:

• View a complete list of cities where the tour will stop at Facebook.com/thumbsuppledge.
• Will the tour stop near you? I encourage you to attend the event to make your public pledge.
• Share the family pledge with parents of teens and encourage them to have a discussion about safe driving. The family pledge and other teen safe driving resources are available for download at Allstate.com/teen.
• For more information visit www.ShannonHarveyInsurance.com or give us a call at 864-268-9580.

Dangers of texting & driving. 

Texting is one of the most dangerous distractions facing teens today. According to a recent Allstate Foundation study, 82 percent of driving teens claim to use cell phones while driving, and 49 percent admit to being extremely distracted by texting and instant messaging while driving. Recent research conducted by Virginia Tech's Transportation Institute reveals that texting while driving can increase the risk of an accident by 23 times.

The study also shows parents can have a profound effect on their teen's driving behavior. 81 percent of teens admit their parents have the most influence on how they drive, and 79 percent say they are most likely to take driving safety advice from their parents.

Introducing Digital Locker, a home inventory application for the iPhone. Digital Locker allows consumers to easily catalog the things they buy and create an archive of their belongings on their mobile device. The application makes it easy to document home contents, so the information will be readily available when filing an insurance claim. Digital Locker is now available to download for free in the Apple App Store and is available to any iPhone user, not just Allstate customers.

How it Works

The mobile application, which utilizes the iPhone's camera, allows users to take photos of valuables in their homes and create organized lists by item, room or category. Consumers can take new pictures or choose from their existing iPhone photo library. In addition, consumers will be able to store their agent contacts, have access to relevant catastrophe information and most importantly, a detailed visual catalog of everything they own.

Recalling lost or stolen items after a traumatic event can be one the most difficult parts of the claims process. Despite this, a 2008 national Allstate survey of renters found that two thirds of respondents had not done a home inventory of their belongings in the past two years and anecdotal claims data suggests similarly low usage of home inventory tools by homeowners. Digital Locker is a key component of the Allstate Mobile Strategy.

If you're like me, you not only like for things to be easy but you also like iPhone applications that make your life easier. We hope our Digital Locker will be helpful for you in that department. And since it's better to hope for the best while planning for the worst, this should be extremely helpful in case you ever have to file a claim.