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Health Insurance Premium Tax Deduction
Jorge Said:
How should I do health insurance deduction from paycheck if I choose my own health insurance ?We Answered:
You can't payroll deduct if you are paying your premiums on a private insurance plan. The insurance company will be billing you not your company. If you are self-employeed, have 1099 income, you deduct the premiums from your taxes. You have to weigh the pros and cons of each and make an informed decision on which is better for you.