Wednesday, March 9, 2011

Am I able to write off Health Insurance Premiums for tax purposes at the end of the year?



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Question by Marcus W: Am I able to write off Health Insurance Premiums for tax purposes at the end of the year?

I am looking to purchase my own health insurance instead of going through my company. I know that the company takes out the cost on a pre-tax basis, but their insurance is not the greatest. If I do decided to sign up for health insurance, will I be able to use the cost of my own health insurance as a deduction fo tax purposes?




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Answer by karenmbs
I think so





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