2006-09-17 01:10:43 · 8 answers · asked by minipin lover 2 in Business & Finance ➔ Taxes ➔ United States
No. Pre-taxed medical insurance premiums reduce your taxable income up front. You already got the decuction on the front end.
2006-09-17 07:27:59 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Pretax premiums have already been deducted. They were never included in the income reported on your W-2. You cannot deduct them again when you fill your tax return.
2006-09-17 07:25:17 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
No, you've already basically gotten the deduction by paying them from pretax dollars.
2006-09-17 06:23:01 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
If your employer lets you deduct your insurance premiums pre-tax, you cannot deduct them from your taxes.
I deduct my insurance pre-tax and I've never been able to use it as a deduction on my taxes.
2006-09-17 04:23:44 · answer #4 · answered by Celeste 6 · 2⤊ 0⤋
no, and unless your medical expense exceeds 7.5% of your gross, you can't use them either. we are screwed six ways from Sunday. now if your Richer than three foot up a bull's butt, you can get all kinds of deductions, like driving a Hummer with your company logo an inch tall on the window...100% deductable
2006-09-17 01:19:10 · answer #5 · answered by Michael S 4 · 0⤊ 0⤋
Yes they can but it has to be more than, I think, 2% of your income.
I do my taxes myself using HR Block software. It does all the calculations for you, and will tell you if you are eligible for certain deductions.
Try thier website and see if you can find better clarification.
2006-09-17 01:20:06 · answer #6 · answered by Jill&Justin 5 · 0⤊ 3⤋
no that is called double dipping
2006-09-17 14:33:18 · answer #7 · answered by linluv2001 2 · 1⤊ 0⤋
yes and then you go to jail
2006-09-17 01:11:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋