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Insurance Deductable

goodwinspeedbug — Thu, 06 Jun 2019 05:56:54 GMT

Can I deduct the Deductable I pay before my insurance kicks in?

What kind of insurance?

Texas Roger — Thu, 06 Jun 2019 05:56:55 GMT

What kind of insurance?

United Health Care thru work.I have a$ 2,800 deductable,...

goodwinspeedbug — Thu, 06 Jun 2019 05:56:57 GMT

United Health Care thru work.I have a$ 2,800 deductable, it pays 90% after that.

Yes you can deduct medical expenses paid out of pocket th...

Texas Roger — Thu, 06 Jun 2019 05:56:59 GMT

Yes you can deduct medical expenses paid out of pocket that were not reimbursed by insurance. There is a high threshold to get any tax breaks from medical expenses. You can only deduct the amount of expenses in excess of 10% of your AGI (7.5% if 65 or over). To get a tax break that deductible amount when added to your other itemized deductions must be more than the standard deduction.

Thanks

goodwinspeedbug — Thu, 06 Jun 2019 05:57:00 GMT

Thanks