| | |||
| |||
| "aether8203[at]yahoo.com" <aether8203[at]yahoo.com> wrote: - quote - > I apologize the question if it has been asked before in the
As an employee, you're limited to deducting health insurance> 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? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| 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 > << -------------------------------------------------> |
| Tags |
| health, insurance, premiums |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| health-insurance premiums deductible? -- self employed Sharon Everett: An article in the WSJ today says: "Another big change this year is for self-employed individuals. For 2003, they can take an above-the-line... | Taxes | 7 | 02-26-2004 05:12 PM | |
| Self Employed Health Insurance doniam: I file Schedule C and am over 65. May I deduct the Medicare premiums on page one of the 1040? No other earned income or insurance plans. Thanks... | Taxes | 9 | 02-10-2004 03:11 AM | |
| Can pretax Medical Insurance Premiums be deducted on your tax return? mecaleca: Can pretax Medical Insurance Premiums be deducted on your tax return? | Microsoft Money | 2 | 01-31-2004 02:51 PM | |
| Thread Tools | |
| Display Modes | |
| |