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Old 02-10-2005, 07:27 AM
Thomas Healy
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Default Re: Health insurance premiums

"aether8203[at]yahoo.com" <aether8203[at]yahoo.com> wrote:

- quote -

> I apologize the question if it has been asked before in the
> group, but I could not find a clear answer to my situation.
> I work on a hourly basis for a company that offers me NO
> benefits in terms of Health Insurance. As a result, I pay
> for my own. The payroll system is set up through ADP and
> the health benefits are also offered through ADP that I then
> purchase on a monthly basis.
> Can I deduct this expense for health insurance premiums?
> Does it show up in a box on the W2 from ADP? If so, what
> box number would that be?


As an employee, you're limited to deducting health insurance
along with other itemized medical expenses on Schedule A.
Generally you need to be very sick or have low income to get
a usable deduction.

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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Old 02-09-2005, 04:14 AM
aether8203@yahoo.com
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Posts: n/a
Default Health insurance premiums

I apologize the question if it has been asked before in the
group, but I could not find a clear answer to my situation.

I work on a hourly basis for a company that offers me NO
benefits in terms of Health Insurance. As a result, I pay
for my own. The payroll system is set up through ADP and
the health benefits are also offered through ADP that I then
purchase on a monthly basis.

Can I deduct this expense for health insurance premiums?
Does it show up in a box on the W2 from ADP? If so, what
box number would that be?

Thanks for your help,
Sean

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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