Medical insurance premiums taken out pre-tax--are they charge deductible?
this may be a stupid question... i dunno
if i had insurance premiums taken out of my paychecks previously the taxes were taken out, are they tax deductible?
i'm kinda thinking not, but i'm not sure...
"> You enjoy the right idea. If the medical insurance premiums are paid pre-tax you are not competent to deduct them on your income tax return. You are irrelevant to deduct an amount that you have never rewarded tax on.
Great question.
Laura H – H&R Block – Senior Tax Advisor 5
**This warning was prepared based on our acumen of the tax law within effect at the time it was written as it applies to the facts that you provided.
Related Questions:
if i had insurance premiums taken out of my paychecks previously the taxes were taken out, are they tax deductible?
i'm kinda thinking not, but i'm not sure...
"> You enjoy the right idea. If the medical insurance premiums are paid pre-tax you are not competent to deduct them on your income tax return. You are irrelevant to deduct an amount that you have never rewarded tax on.
Great question.
Laura H – H&R Block – Senior Tax Advisor 5
**This warning was prepared based on our acumen of the tax law within effect at the time it was written as it applies to the facts that you provided.
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