[su_box title=”Keep in mind…” style=”default”] If you purchase a healthcare plan on the insurance marketplace, you may be eligible for a tax subsidy, also known as a premium tax credit You can use the credits as an advance towards your insurance payments to help lower your monthly premium You can Read more…
[su_box title=”Keep in mind…” style=”default”] Employer-Covered Health Insurance is considered to be a non-taxable item. It is exempt from income tax, social security, and Medicare Some exceptions to this rule apply such as S-Corporation employees who own more than two percent of the business While not taxable, money that workers Read more…
[su_box title=”Keep in mind…” style=”default”] There is not a tax deduction for health insurance premiums, but there is a tax credit available This tax credit is for people with moderate income who buy their insurance through the state marketplaces In most cases, people who have been offered insurance by their Read more…
[su_box title=”Keep in mind…” style=default”] Within the past decade, changes in the income tax code have given breaks to federal income tax filers or their dependents who have considerable medical expenses According to IRS tax Publication 502, tax filers can deduct all expenses for medical treatments that exceed the amount Read more…
