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Deductions & credits
As per NJ deductions: "You can deduct certain medical expenses that you paid during the year for yourself, your spouse or domestic partner, and your dependents. ... Insurance premiums, including amounts paid under Social Security for Medicare, can be used as medical deductions."
does that mean in addition to pretax Medical, Dental and Vision premiums, we can also deduct medicare premiums (1.45% of social security wages) from NJ taxable income?
March 2, 2020
7:42 AM