There is nothing improper about an employer deducting health insurance premiums out of ones gross income.
However, when that happens you’ve already seen a “tax benefit” through the lower income on your Form 1040. DO NOT include in your medical and dental expenses on Schedule A any insurance premiums paid by an employer-sponsored health plan unless the premiums are included in box 1 of his W-2. Also, DO NOT include on Schedule A any other medical/dental expenses paid by the plan unless the amt paid is included in box 1 of the W-2. You can’t have it deducted from gross AND taken as an itemized ded or the IRS will reject the deduction.
yes meaning you did not have them taken out pretax
also since it was done this way you may be able to deduct the cost of the premiums and any other copayments or prescriptions on your Schedule A if you itemize
七月 14th, 2009 at 10:56 上午
There is nothing improper about an employer deducting health insurance premiums out of ones gross income.
However, when that happens you’ve already seen a “tax benefit” through the lower income on your Form 1040. DO NOT include in your medical and dental expenses on Schedule A any insurance premiums paid by an employer-sponsored health plan unless the premiums are included in box 1 of his W-2. Also, DO NOT include on Schedule A any other medical/dental expenses paid by the plan unless the amt paid is included in box 1 of the W-2. You can’t have it deducted from gross AND taken as an itemized ded or the IRS will reject the deduction.
七月 14th, 2009 at 4:46 下午
yes meaning you did not have them taken out pretax
also since it was done this way you may be able to deduct the cost of the premiums and any other copayments or prescriptions on your Schedule A if you itemize