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Steven Said:

I am non resident alien having W-2 form for taxes, could I submit my health insurance premiums for tax returns

We Answered:

You can deduct health insurance premiums and professional liability insurance if you have enough deductions to itemize.

Interest on a car loan cannot be deducted unless the car loan was a home equity loan.

Zachary Said:

Can medical / dental insurance costs including premiums paid PRE-TAX be tax deductible?

We Answered:

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.

Brent Said:

Will health insurance premiums ever be tax-deductible?

We Answered:

They already are, as medical expenses. Unfortunately, most people don't have enough to deduct medical expenses even if they do itemize, which is also required.

Jean Said:

Is your healthy insurance premium tax deductible? Is it better to do a group plan or individual plans?

We Answered:

I have been a tax accountant for 27 years. I do not have enough information to give you a reliable answer to your question. However, you should look into a relatively new tax development called the HRA or HSA. Your bank should be able to provide you with information as to how these plans work. They are very flexible and work only when people purchase high-deductible health plans. The HRA or HSA accounts are used to pay out-of-pocket medical expenses (but not the insurance premiums) such as your deductible or co-pays under the plan. They are like IRA accounts for your health. I like them a lot. Please don't be a fool; consult a tax professional. You are in a very complicated area of tax law.

Angel Said:

Will the health care bill being passed today tax insurance premiums deducted from my paycheck?

We Answered:

Yes, the biggest lie told Americans is it bring down costs. In layman terms, it will force insurance companies to insure high risk, preexisting conditions and more. As a result the government will cause your insurance to go up since the costs of the insurance companies are passed on. When the rates go up the folks will complain, in rides Uncle Sugar claiming he'll fix it and walla more government. The end game by the Progressive/socialist is nationalized gov-care. They create the problem and then they "fix" it with more of the same..it's out of the Leninist playbook. Next watch for an immediate need to "fix" the illegal immigration problem which will be amnesty before Nov since the progressive/socialists (aka Democrats) will need more votes to retain power.