Health Insurance?
Posted on 26. Aug, 2009 by admin in Health Insurance
Mу company allow mе tο bυу mу parent’s shape insurance wіth mе. саn i contain thаt amount іntο mу itemize deduction? even though mу dad file hіѕ οwn tax restore; mу dad іѕ nοt a dependent οn mу tax restore;
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chan_jay
26. Aug, 2009
1) Most employer provided shape insurance is deducted “pre-tax” so there is no deduction on the tax restore.
2) Your parents must be your dependents (or would have been your dependents except for the combined income test) for you to take a deduction anyway. So, unless you are supporting them: No.
Wayne Z
26. Aug, 2009
Here http://wiz.sc/Ifp4G2 is an article i found on shape insurance with information and tips etc. Hope it helps.
gooner12
26. Aug, 2009
No, you can’t claim medical expenses, shape insurance or any others, for a self who isn’t your dependent.