Can the cost of medicare insurance be deduct as medical expense?
Answers: Only if you are self employed.
If you are conversation about the amount of medicare tax withheld from your recompense or the part of self-employment tax you repay then the answer is no. There is a specific revenue ruling that says this is a tariff not medical expense.
If you are talking about the amount withheld from your monthly social warranty check then the answer is yes because this is truly medical insurance.
Yes, under certain circumstances. You do NOT enjoy to be self-employed. Go here to read more: http://www.irs.gov/publications/p502/ar0…
Look in the section titled "Insurance Premiums."
depends on what u are talking about.. For food stamps (only if u are disabled or over 65), for party. 8, yes.. If u itemize taxes, I don't know..
Absolutely.
It's an insurance to provide additional coverage against medical expenses and medical expenses are deductible (less the 3% of income rule) therefor you can reduce by the expense.
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