Insurance Premium Deductible
March 3rd, 2008
Question: Can medical / dental insurance costs including premiums paid PRE-TAX be tax deductible?
Can dental / health insurance premiums paid pre-tax and deducted from my paycheck be considered in itemized deduction?
Answer: yes they can, any medical expense including ones from your pretaxed income, can be added on the scedule a. the only exception would be if your employer paid for the insurance. if you pay for it, you can include it. i am a tax preparer and i am sure of this. now the only limit would be getting you over the thresehold of %2 of your agi.
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