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Anne
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2429
Experience:  Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses
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Can we subtract premiums expenses for health insurance if we

Customer Question

Can we subtract premiums expenses for health insurance if we receive a tax credit for a protion of the premiums?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: We paid Medica 456.00 per month for 10 months last year. MNSURE helped with a tax credit for the other 650.00 per month.
JA: Is there anything else the Accountant should be aware of?
Customer: Not at this time.
Submitted: 3 months ago.
Category: Tax
Expert:  Anne replied 3 months ago.

Hi

I'm Anne & I've been preparing taxes for 28 years. I'm reviewing your question now, and will post back with your reply momentarily.

Expert:  Anne replied 3 months ago.

HI

You may only subtract what you actually paid, which in our case is $456/month

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