If you aren't self-employed and take-home pay 100% of your robustness insurance, can you reduce by from your taxes?
When I was working for a company that paid 80% of form insurance and I paid 20%, the 20% that I paid from pre-tax. Now, that I reimburse 100% of my health insurance privately, I don't get a due deduction? Or do I and where on the 1040. I'm not self-employed, I work beneath a W-4 form. Thank you.
Answers:
That answer above is correct. You can deduct the expense according to the guideline of your state. :)
If you are not self-employed, your health insurance costs are deductible as medical expenses, subject to the 7% goal - any money spent that is over 7% of your income is deductible on your Schedule A.
The percent is 7.5, not 7, but other than that, the above answer is correct.
Related Questions:
Answers:
That answer above is correct. You can deduct the expense according to the guideline of your state. :)
If you are not self-employed, your health insurance costs are deductible as medical expenses, subject to the 7% goal - any money spent that is over 7% of your income is deductible on your Schedule A.
The percent is 7.5, not 7, but other than that, the above answer is correct.
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