Insurance Deductible Premium
June 19th, 2008
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Question: can i include my health insurance premium and deductible for tax refunds?
Answer: Like the above answerer states, you are only allowed to deduct medical expenses if you itemize your deductions. You are not allowed to deduct medical expenses if you take the standard deduction.
However, its not limited to 7.5% of your adjusted gross income, rather you may only deduct amounts that are OVER 7.5% of your adjusted gross income. So, for example, if your adjusted gross income is $30,000, 7.5% of that is $2,250.00. You may only deduct amounts that are over that $2,250.00. So, if you have $3000.00 in medical payments, you may only deduct $750.00. If you have $2,000 in medical payments, you may not deduct anything.
Hope that makes sense.
Items on Amazon Right Now for Insurance Deductible Premium:
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A voluntary deductible in social health insurance with risk equalization: community-rated or risk-rated premium rebate?.: An article from: Journal of Risk and Insurance $9.95 This digital document is an article from Journal of Risk and Insurance, published by Thomson Gale on September 1, 2006. The length of the article is 9463 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTi… |
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B&M premiums, deductibles are on the rise. (boiler and machinery insurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 17, 1994. The length of the article is 648 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase…. |
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Smaller buyers still at market’s mercy; agents must depend on deductibles, credits to help contain rising premiums.(BIGGER IS BETTER): An article … & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 16, 2005. The length of the article is 1543 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. Yo… |
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SquareTrade 2-Year Cell Phone Accidental Protection Warranty $124.99 Accidental Damage from Handling (ADH) guards you against life’s little mishaps, whether you drop your cell phone on the street or splash coffee on your laptop. ADH must also be purchased within 30 days of when you bought your item. ADH coverage begins on the 31st day after the item’s purchase – issues in the first 30 days are not covered. Upon purchase, you will get an email confirmation. You … |
Prepare yourself: Insurance bills on the rise
Jeremy Alford Capitol Correspondent BATON ROUGE — If you think insurance coverage is already complex enough, you probably don’t want to hear about the changes that will impact automobile coverage, hurricane deductibles, home-service contracts and fire policies. The changes went into effect Friday.
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