Welcome, Guest. Register Now!
   
Veiw New Posts View Todays Posts


» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Financial Planning
 
US Presidential Tax Policies
 
 
 



View Single Post
  #2 (permalink)  
Old 03-22-2008, 10:53 PM
TaxGuru TaxGuru is offline
Super Moderator
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 999
Blog Entries: 2
Can Healthcare Insurance Premiums be deductible?

Yes, the health insurance premiums that you paid after you left your employer in 2007 are all deductible on Schedule A, subject to the 7.5% AGI limitations.

Remember, that you should also include Doctors, Hospital Fees, Drugs and Prescriptions Drugs with the health insurance premiums. These combined expenses may result in deductible expenses that may exceed the 7.5% AGI limit.
__________________
Ask TaxGuru
Please refer to the legal disclaimer.
Reply With Quote