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I received a tax refund check from my health insurer. Is it taxable income or does it reduce the amount of my insurance premiums on my itemized deductions?
I received an answer that it is NOT taxable income but since I itemize I need to reduce the amount of health insurance premiums I deduct. I wanted to clarify that the check I received was due to tax reform and from tax credits for my health insurance company. It is NOT for reimbursement of medical bills I paid.
Is it still NOT taxable income, and I still need to reduce the amount of my health care deductions for the amount of the tax refund? Thanks
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‎June 3, 2019
1:44 PM