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My wife is retired educator....however works to earn a partial

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salary that in turned is...
My wife is retired educator....however works to earn a partial salary that in turned is used to pay health insurance premiums...we have to declare this as income earned but 100% of it goes for medical expenses...How do I reflect this on tax return?
Submitted: 7 years ago.Category: Tax
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Answered in 4 minutes by:
8/3/2010
Tax Professional: Merlo, Accountant replied 7 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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Hello JA Customer,

 

If your wife's employer is not providing her with any medical insurance benefits and she is simply paying these premiums on her own with the money she earns working part time, the only deduction you are allowed is to include the cost of those premiums as part of your medical expenses on Schedule A for your itemized deductions.

 

There is no other way to exclude or directly deduct the cost of these premiums.

 

If this was helpful please press the Accept button. It is the only way we receive any credit for helping with these questions.

 

Thank you JA Customer

 

 

Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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