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Can You Deduct Health Insurance Premiums

Allen Said:

Can you deduct health insurance premiums taken out of your check each week to lower your ajusted gross income?

We Answered:

jeff's right. the only way to claim them is on the sch a. med deductions

Kathleen Said:

Can I deduct copays and medical insurance premiums?

We Answered:

healthquotes.awardspace.info - here is my health insurance plan. As I remember they can provide such a service.

Michael Said:

If your employer deducts health insurance premiums from pay, but you find out insurance is cancelled HELP?

We Answered:

Call your local department of labor and tell them the situation. They will give you the number for the securities and benefits department (this is a federal department) and you file a complaint. In the end the employer has to refund your money or may be required to pay medical expenses equivalent to the ins. Are you the only emp. with this problem? If so you can also go for discrimination. Good Luck

Robin Said:

Can you deduct COBRA insurance premiums paid on Sch A of the 1040?

We Answered:

You could take it as an itemized deduction on Sch-A subject to 7.5% limitation of your income. But wait...

Check to see if you qualify for Health Coverage Tax Credt http://www.irs.gov/pub/irs-pdf/p502.pdf instead. That would probably be better.

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