Question

 Can I deduct my health insurance premium from my taxes?

Answer If you are self-employed and your business had net profit, you can deduct the health insurance premiums you paid for you, your spouse and your dependents. You can't deduct premiums paid to an insur... Read More »
http://www.answerbag.com/q_view/1938080

Top Q&A For: Can I deduct my health insurance premium from m...

Where do I deduct a health insurance premium paid to a nanny?

You cannot deduct the health insurance premium paid to a nanny on your taxes, but neither you nor your nanny has to pay taxes on that expense. For tax record purposes, if you reimburse your nanny f... Read More »
http://www.answerbag.com/q_view/1908649

Can I deduct health insurance costs on taxes?

Unreimbursed health insurance costs count as a medical expense for tax purposes. If your total medical expenses exceed 7.5 percent of your adjusted gross income, you can deduct the excess if your i... Read More »
http://www.answerbag.com/q_view/2061673

Can i deduct the amount that i paid toward employer health insurance premiums from my income tax?

You are allowed to deduct the portion that you pay toward employer health insurance premiums from your income tax as long as you are not reimbursed as part of the medical expenses deduction. Howeve... Read More »
http://www.answerbag.com/q_view/2049038

Can you deduct your term life insurance payments from your federal taxes?

You cannot deduct your term life insurance payments from your federal income taxes. Only medical insurance payments or qualified long-term care insurance premiums care can be deducted and only unde... Read More »
http://www.answerbag.com/q_view/2223370


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