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Can this be a deduction, health insurance premium?

Doing my son's taxes for him, he has 80.00 a month coming out of his check for Health insurance the rest is paid by his work. Can he use that as deduction?

Update:

Yes he does itemize his return

6 Answers

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  • 1 decade ago
    Favorite Answer

    Probably not. Most health insurance premiums are deducted pre-tax under a Section 125 benefits plan. As such, the amounts he paid have already been deducted from box 1 of his W-2. No further deduction is allowed since he's already gotten one -- and a better deal at that since it's not subject to the normal 7.5% limitation of medical expenses and does not require the taxpayer to itemize deductions.

    Even if his health insurance premiums are not deducted pre-tax (highly unusual) if it was his only medical deduction it would not be usable if his income was over $12,800 because of the 7.5% rule. At that income level, itemizing would be useless as virtually nobody with that modest income would legitimately have over $5,700 in itemized deductions. You need at least that much to exceed the standard deduction and get any benefit from itemizing.

  • Anonymous
    5 years ago

    I recommend you to try this web page where onel can compare quotes from different companies: http://insure-help.com/index.html?src=2YAxnN39IyB5...

    RE :Can this be a deduction, health insurance premium?

    Doing my son's taxes for him, he has 80.00 a month coming out of his check for Health insurance the rest is paid by his work. Can he use that as deduction?

    Update: Yes he does itemize his return

    Follow 3 answers

  • cegla
    Lv 4
    4 years ago

    sure. on the grounds which you took a deduction in a prior tax year, any reimbursement in a next year is taken care of as taxable income and is asserted as such, as much as the quantity of the deduction which you claimed. there's a fashion which you would be able to guard this however. do not declare the scientific fee deduction on your return. you have 3 years to report an amended return and declare them, so permit the state take that is candy time. in case you don't get reimbursed then report an amended 2007 return and declare the coverage funds then. you're able to desire to turn it any wrong way around and report an amended return in the event that they DO reimburse you yet you would be finding at effects and interest for overdue fee that way so i don't propose that.

  • Bevan
    Lv 6
    4 years ago

    I would recommend one to try this site where you can get rates from different companies: http://coveragedeals.net/index.html?src=5YAqqC1AOR...

    RE :Can this be a deduction, health insurance premium?

    Doing my son's taxes for him, he has 80.00 a month coming out of his check for Health insurance the rest is paid by his work. Can he use that as deduction?

    Update: Yes he does itemize his return

    Follow 5 answers

    Source(s): I would recommend one to try this site where you can get rates from different companies: http://coveragedeals.net/index.html?src=5YAqqC1AOR...
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  • 1 decade ago

    IF he itemizes, he can deduct the portion of overall medical costs paid that is ABOVE 7.5% of his AGI. $80 a month probably isn't going to reach that plateau.

  • 1 decade ago

    Only if he itemizes his deductions, and even then it is unlikely it would cause any difference on his refund or amount owed.

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