The IRS Deductions Blog

Posts Tagged ‘deductible’

Question: is health insurance through your employer tax deductible?

Answer: that depends of whether it was taken out pre tax or after tax
if it was taken out on a pre taz basis then no, because you didn’t pay tax on that money. If it was taken out after tax then yes it could be. You need to ask your payroll dept how is was taken out.
It is only a deductible expense if you are Itemizing your deductions on Schedule A rather than taking the Standard Deduction. And all medical expenses must be reduced by 7.5% of your adjusted gross income

Items on Amazon Right Now for Health Insurance Deductible Taxes:

Most elected officials volunteer for wage freeze

Citing the difficult economy, most of Crow Wing County’s elected officials and senior management staff volunteered for a wage freeze for 2010.

Six Steps for Buying Health Insurance – Intro