I pay my health care premiums out of my own pay check. In other words I get paid then my employer subtracts my premium from my paycheck. can I deduct these premiums from my taxes?
2007-01-29 10:58:54 · 3 answers · asked by I drive fire trucks 3 in Business & Finance ➔ Taxes ➔ United States
As an employee you can only deduct them if the total of all your medical expenses exceeds 7.5% of your adjusted gross income and you file a Schedule A.
2007-01-29 11:13:50 · answer #1 · answered by janisko 5 · 1⤊ 0⤋
If you pay your health care premiums pre-tax, no.
As your premium is not part of your taxable income.
If you pay the premium after taxes, yes. But it must be at least or more than 7.5% of your AGI.
2007-01-29 19:42:01 · answer #2 · answered by Celeste 6 · 0⤊ 0⤋
i know they told me if i can show where i paid more than 4000 dollars in medical/dental bills then it would be a tax deduction but i had to pay more than 4000.
2007-01-29 19:06:24 · answer #3 · answered by B 4 · 0⤊ 1⤋