2007-01-31 04:09:58 · 4 answers · asked by COblonde 3 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes along as the portion that you paid out of pocket is a certain % of your income. It is pretty high, so you would need to check with your accountant or tax preparer.
2007-01-31 04:18:06 · answer #1 · answered by Should be Working! 4 · 1⤊ 0⤋
You can deduct the amount that your insurance didn't pay. However, based on the limitations, you have to be REALLY sick for it to make a difference. The amount must be quite high.
Insurance premiums are NOT deductible (Smiley is incorrect).
2007-01-31 04:17:04 · answer #2 · answered by Dizney 5 · 0⤊ 1⤋
Typically you can claim amounts you paid that weren't covered (think: deductible) and the premiums you paid for the coverage.
Things to look into to see if they apply in your jurisdiction.
2007-01-31 04:17:28 · answer #3 · answered by smiling_freds_biz_info 6 · 0⤊ 1⤋
Of course, provided that the UNCOMPENSATED cost of your health care and the INSURANCE PREMIUMS exceed the income % requirement.
2007-01-31 04:43:05 · answer #4 · answered by William W 1 · 0⤊ 0⤋