health insurance?
Posted on October 30th, 2008 in Health Insurance
chan_jay asked:
My company allow me to buy my parent’s health insurance with me. can i include that amount into my itemize deduction? even though my dad file his own tax return; my dad is not a dependent on my tax return;
My company allow me to buy my parent’s health insurance with me. can i include that amount into my itemize deduction? even though my dad file his own tax return; my dad is not a dependent on my tax return;
Related posts
Tags: Dad, Insurance Company
This post has 3 comments
November 1st, 2008
1) Most employer provided health insurance is deducted “pre-tax” so there is no deduction on the tax return.
2) Your parents must be your dependents (or would have been your dependents except for the gross income test) for you to take a deduction anyway. So, unless you are supporting them: No.
November 3rd, 2008
No, you can’t claim medical expenses, health insurance or any others, for a person who isn’t your dependent.
November 4th, 2008
Here is an article i found on health insurance with information and tips etc. Hope it helps.
Add a comment