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Tax Deduction Consulting: Auto Insurance through Payroll Las Cruces NM

In the past few years, some employers have been adding automobile insurance as a potential payroll deduction. Now auto insurance through payroll deductions is becoming increasingly popular.

Zia Tax Svc
(575) 541-6171
1125 N Solano Dr
Las Cruces, NM

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Max Leach (RFC®), CLU, RFP
(505) 344-2255
10308 Candelaria NE #345
Albuquerque, NM
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, BuySell, LiabCover, Compensation Plans

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H&R Block
(505) 892-8408
2003 SOUTHERN blvdSTE 124
RIO RANCHO, NM

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H&R Block Inside Sears At Cottonwood Mall
(505) 922-7292
10000 COORS BYP NW
ALBUQUERQUE, NM

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H&R Block
(505) 865-2944
1400 Main St NW Ste G
Los Lunas, NM

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H&R Block
(575) 524-0370
1300 EL PASEO STE K
LAS CRUCES, NM

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Mrs. Natalie Voskresensky (RFC®), MBA
(505) 858-2443
2 Juniper Hill Rd NE
Albuquerque, NM
Company
PLAN RIGHT, LLC
Qualifications
Education: MBA, Accounting Concentration
Years of Experience: 13
Membership
IARFC
Services
Invoice, Business Planning, personal Coach, Retirement Planning, Tax Returns, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Auto Home Insurance, Asset Protection, LiabCover

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H&R Block
(505) 877-4647
1625 RIO BRAVO SW
ALBUQUERQUE, NM

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Max Baca Income Tax & Bkpg Svc
(505) 242-4470
1201 Bridge Blvd SW
Albuquerque, NM

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H&R Block
(505) 268-1222
1421 1st St SE Bldg 20224
Kirtland Afb, NM

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Tax Deduction Consulting: Auto Insurance through Payroll

Auto Insurance through Payroll Deductions

In recent years, both online payments and payroll deductions have proved to be easy ways to pay bills. Now auto insurance through payroll deductions is becoming increasingly popular.

Bill paying has always been a monumental pain for most people. Payroll deductions to pay bills has been a relatively painless way to handle this problem. In the past, the kinds of bills paid by payroll deductions were mostly employer provided health insurance and those pesky garnishments for such things as court ordered debt payments or child support. In the past few years, some employers have been adding automobile insurance as a potential payroll deduction.

In most cases, the employer is the one providing the insurance, but recently many mainstream auto insurance firms have begun to explore the practice. In is expected that in the coming years this option will become increasingly popular and available. People like payroll deductions for such routine and recurring bills because of several factors. When a bill is paid by payroll deduction, you do not forget that it is due. Since it is paid automatically, you never have the funds in your wallet or bank account and this seems to make it much easier to part with them.

There are a few disadvantages to auto insurance through payroll deductions. In most cases, the entire monthly premium is taken out of one paycheck. This would create uneven paychecks that makes budgeting a bit more difficult. Another concern is what happens to the insurance when one changes jobs or loses his job. In the case where the insurance is provided by the employer, this could lead to an interruption of coverage. More likely, the insured will have a chance to switch his coverage to another method of premium payment.

The auto insurance industry is very competitive and this is leading companies to explore programs to encourage payroll deductions for payment of premiums. In the same manner that many companies have in...

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