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> It's deductible no matter who pays. That does not square with this[1]: If you are not self-employed, and you don't work for a company that provides health in
by fr0sty 14y ago
> It's deductible no matter who pays.
That does not square with this[1]:
If you are not self-employed, and you don't work for a company that provides health insurance with a cafeteria plan, the Internal Revenue Service (IRS) allows you to count health and dental insurance premiums as part of the 7.5% of your adjusted gross income that has to be spent on health care before any out-of-pocket medical expenses can be deducted.
[1]http://healthinsurance.about.com/b/2010/01/25/are-my-health-insurance-premiums-tax-deductible.htm http://healthinsurance.about.com/b/2010/01/25/are-my-health-...
- mgkimsal 14y agoI am self-employed, as is my wife. Most people I know with a spouse with insurance choose to stay on that instead, but it's often not really a better deal - it's just habit/convenience.