health insurance?
August 19, 2010 by Health Mastermind
Filed under international health insurance review
My company allow me to buy my parent’s health insurance with me. can i include that amount into my itemize deduction? even though my dad file his own tax return; my dad is not a dependent on my tax return;
1) Most employer provided health insurance is deducted “pre-tax” so there is no deduction on the tax return.
2) Your parents must be your dependents (or would have been your dependents except for the gross income test) for you to take a deduction anyway. So, unless you are supporting them: No.
No, you can’t claim medical expenses, health insurance or any others, for a person who isn’t your dependent.
Here http://wiz.sc/Ifp4G2 is an article i found on health insurance with information and tips etc. Hope it helps.