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I have been paying premiums for term care insurance for over
I have been paying premiums for long term care insurance for over twenty years. Now the insurance company says they are increasing the premiums from $200 to $358. I'm 79 years of age. They are offerin… read more
LEV
LEV
Retired
Bachelor's Degree
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My husband had a stroke, became disabled and is receiving
My husband had a stroke, became disabled and is receiving benefits from a long term disability policy. He was partner in a closely held law firm that paid the premiums, the firm has since closed becau… read more
LEV
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Can the premium paid for COBRA insurance be deducted on line
Can the premium paid for COBRA insurance be deducted on line 29? My business shows a profit to cover the premiums and the COBRA insurance is not subsidized by my wife's previous employer. … read more
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Can I deduct the money I spend for my health insurance
Can I deduct the money I spend for my health insurance premiums? I don't know if it is deducted before taxes or not.… read more
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A taxpayer is self-employed and married and has an HSA, but
A taxpayer is self-employed and married and has an HSA, but did not contribute to the HSA. He is on Medicare and he pays his Medicare premiums from his HSA. Can he count this amount as S-E medical cos… read more
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Suppose you are age 67 and on Social Security, and pay $1200
Suppose you are age 67 and on Social Security, and pay $1200 for Medicare B payment, and are self employed with a small busines as well.. If I understand it correctly, this will count as an adjusment … read more
NPVAdvisor
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My wife has misc income reported on line 7 of 1099-MISC. I
My wife has misc income reported on line 7 of 1099-MISC. I just became aware of the fact that Long Term Care premiums are a deductible expense (line 29/form 1040). She did not qualify for LTC, but I d… read more
Robin D.
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I am self employed. Is it possible to include insurance premiums
I am self employed. Is it possible to include insurance premiums I pay under a COBRA plan under the Self-Employed Health Insurance Deduction? What about premiums paid for under the Affordable Care Act… read more
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Bachelor's Degree
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Per IRS memorandum #201228037 dated May 1, 2012, UILC 162.07-31,
Per IRS memorandum #201228037 dated May 1, 2012, UILC 162.07-31, the Spouse's medicare insurance may be included in the Self employed taxpayer's health insurance as adjustment to income line 29, Form … read more
Robin D.
Robin D.
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I am a 1099 individual working in the commercial and retail
I am a 1099 individual working in the commercial and retail leasing business. My employer required that I sign an employment contract stating that I was not an employee. I work from their offices, pre… read more
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For Schedule C self-employed Schedule C sole proprietor, can
For Schedule C self-employed Schedule C sole proprietor, can health insurance be on his own name to be deductible or it must be under the business name?… read more
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i think i stated it all already. i thought i heard that there
i think i stated it all already. i thought i heard that there is a new tax decuction or tax credit on my premimums . i live in Ohio.… read more
Robin D.
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I was not able to get unemployment for 3 months after termination.
I was not able to get unemployment for 3 months after termination. I have withdrawn 25K from my IRA. Spent all except 9K over 5 months which is in a roth until I need more. Is there any tax change tha… read more
jgordosea
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Dear Tax I had H&R block to do our taxes. My wife has a
Dear Tax: I had H&R block to do our taxes. My wife has a small day care business. They have said we owe $2,900 in Federal and $800 in state taxes. We have never paid this type of taxes before. They wo… read more
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I have a situation with the IRS and need an answer. I was
I have a situation with the IRS and need an answer. I was unemployed for 16 months and I pay a premium monthly for an insurance policy on a credit card to cover the payments while unemployed. My tax a… read more
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If I give money to my employer in order to purchase a healthcare
If I give money to my employer in order to purchase a healthcare insurance rider for our company healthcare benefit that will allow me to get insurance coverage for weight loss surgery, Is that tax de… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am receiving long term disability benefits from a ...
I am receiving long term disability benefits from a personal policy I took out years ago. I paid for the premiums each month, with "after tax" money. Now that I am receiving benefits from this policy,… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My husband and I have a small business. Is there a way to ...
My husband and I have a small business. Is there a way to deducte our families health insurance one our taxes?… read more
RD
RD
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