Are robustness insurance premiums deductible surrounded by year compensated?
For the first time, I have to pay my retiree vigour insurance premiums in advance instead of within the month of coverage. I paid for Jan 09 and Feb 09 in Dec 08. I know that medical and dental expenses are deductible within the year paid, but what about insurance premiums. Is that Dec 08 pay deductible in my 08 taxes or my 09 taxes? I can't find a clear answer in Schedule A instructions of Pub 502.
Answers:
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Unless you are self-employed, health insurance premiums are solitary deductible under schedule A, where on earth you can only deduct the medical and dental expenses that exceed 7.5% of your income . According to the instructions they should be deduct in the year paid, but to be sure you could ask the IRS.
healthplans.my-age.network - here is my health insurance plan. As I remember they can provide such a service.
Yes any premiums paid in the excise year are deductible regardless of the fact that the premiums were covering adjectives time periods.
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Answers:
By google to collect some related information or you may try using answer engines approaching yahoo answer or yedda.com to get some related ideas.nonetheless,If you prefer some direct resource,here http://www.HealthInsuranceIdeas.info/free-online-health-insurance.htm is a honest one from my own experience.
Unless you are self-employed, health insurance premiums are solitary deductible under schedule A, where on earth you can only deduct the medical and dental expenses that exceed 7.5% of your income . According to the instructions they should be deduct in the year paid, but to be sure you could ask the IRS.
healthplans.my-age.network - here is my health insurance plan. As I remember they can provide such a service.
Yes any premiums paid in the excise year are deductible regardless of the fact that the premiums were covering adjectives time periods.
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