How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Anne Your Own Question
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2429
Experience:  Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses
Type Your Tax Question Here...
Anne is online now
A new question is answered every 9 seconds

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.


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.


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

If you have found my answer helpful, please take the moment to rate positive by clicking on the stars.

It is ONLY through positive ratings that I am credited with my work here.

Thank you for choosing justanswer.