I receive $170 a month from the company I retired from for medical expense. Is this taxable?
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No, the medical expense reimbursement is not taxable, however, if you are using the payment to pay health insurance premiums, be sure you are not taking a deduction for the premiums paid with this money as that would be getting a double tax break which is not allowed.
No, the medical expense reimbursement is not taxable, however, if you are using the payment to pay health insurance premiums, be sure you are not taking a deduction for the premiums paid with this money as that would be getting a double tax break which is not allowed.
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