Archive for the ‘United States’ Category

What % of yearly income to deduct health care from taxes?

Thursday, June 25th, 2009

smilinginside5 asked: How much of your salary do you have to pay in health care premiums and out of pocket expenses (like clinic bills) to be able to itemize them and use them as a deduction on your federal taxes? I've added it all up, premiums and out-of-pocket expenses, and ...

how can i tell if my health insurance benefits are pre taxed?

Wednesday, October 22nd, 2008

montcoguy0o asked: Keep in mind, your health insurance premiums can't be deducted if they're taken out of your paycheck as pre-tax dollars. However, after-tax health insurance premiums are deductible, but they still are subject to a limitation of 7.5% of your AGI. If you're self-employed, you may deduct a portion ...

Am I able to write off Health Insurance Premiums for tax purposes at the end of the year?

Friday, April 25th, 2008

Marcus W asked: I am looking to purchase my own health insurance instead of going through my company. I know that the company takes out the cost on a pre-tax basis, but their insurance is not the greatest. If I do decided to sign up for health insurance, will I ...

How do health insurance tax deductions work for a member managed LLC?

Tuesday, April 8th, 2008

prizice24 asked: I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my ...

Are health insurance premiums that I pay and are deducted from my paycheck paid with after-tax dollars?

Saturday, October 20th, 2007

davidgherron asked: My health insurance is through my employer but I have to pay part of the premium and it is deducted from my paycheck each pay period. I am filing my taxes and am being asked if the premiums are paid for with after-tax dollars. Any answers?BEN

Can I reimburse myself health insurance costs from my company?

Wednesday, February 28th, 2007

Jackie S asked: We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself. He is paid for by the company, and then it costs extra to add ...