back on december 30th 2006 my pickup was totaled in an accident. it was a 98 s-10 and was not paid for. my payments were being made to chase bank through a chapter 13 bankruptcy trustee. a few days ...
alright, here is my situation. i have found an extremely beautiful engagement ring setting that i love. but the company dosent offer insurance..i plan to either buy the diamond from them also,or from ...
My father took care of my health insurance throughout my entire childhood, up til I was 20 when he canceled my health insurance, without telling anyone. I did not find out for 10 months. Is that ...
Hi, I believe that I am suffering from mild to moderate depression and was planning to go to a psychiatrist about it tomorrow. But it has just occurred to me that it might have a big impact upon a ...
I know this sounds dumb, but do i just put the policy in a safe deposit box until I die? I'm in my 40's and know I need to get a policy, and just have so many questions that I can't ...
If my mother-in-law runs into serious financial hardship and she can't pay her copays/health insurance and she needs healthcare, will the hospital deny her healthcare, or will the heirs (me and ...
Does anyone know of any health insurance companies that will take me even though I have ADHD? It's okay if they mark me up or put a rider on it so none of the adhd expenses will be covered, I ...
My landlord tried to fix the water heater less than a week before the house burnt down because of the faulty water heater.i will like to file a 3rd party claim against his homeowner's insurance ...
I had a 1600 dollar bill to pay them and I called in November and agreed to pay them 63 dollars a month until it was payed off. Now a few months later I get a call from a collection agency saying I ...
the accident i was in was a week ago....we wernt going to go through insurance but the estimate is much higher then either of us thought so now we do want to use insurance....can we call a week later ...
ones I have seen you have to have the plan for 12 months before the maternity will work. Is there any plans that have a shorter waiting period? Additional Details I live in Arkansas....
Wanting to purchase medical insurance for a family member. Looking for a very good company who could provide major medical insurance with at least a $2,500.00 deductible. Just mainly looking for some ...
If you are filling out a schedule c you can deduct the premiums. The out of pocket would be deducted on your itemized deductions.
If you switch over to a high deductible health plan you can then open a health savings account (HSA) and you will be able to make the money you spend on your out of pocket expenses 100% tax free.
If you want to learn more about HSA's I would check out http://www.hsainsider.com/
This type of plan can save you thousands in premium.
betotron don
yes
magoo&me
Yes you can if you itemize deductions on your return. Also you can deduct out of pocket costs for prescriptions and copays to the doctor and any lab tests and xrays.
HealthQuote360.com
If you are self employed and have some income for the tax year on your Schedule C then you can deduct 100% of your health insurance premiums (for you and your whole family). In other words you cannot take the deduction if the deduction causes you to have a loss.
You can verify this by looking at the front of the 1040 on line 29.
There is more detail on the specifics on page 26 of the IRS Form 1040 directions. Also, here is some additional information on self employed health insurance.
nurse ratchet
I am an "S" Corp, and can legally deduct all medical costs from my business. I think it depends on how your taxes are filed - as an individual, partnership, LLC, etc.