Michigan deduction for medical insurance premiums when determining the amount of Homestead Property Credit
Regarding the Michigan deduction for medical insurance premiums when determining the amount of my Homestead Property Credit, can I deduct these payments if they're pre-tax?
posted
March 1, 20214:50 PM
last updated
March 01, 20214:50 PM
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Michigan deduction for medical insurance premiums when determining the amount of Homestead Property Credit
Pre-tax health insurance premiums are not deductible for purposes of the Homestead Property Tax Credit. Michigan lists premiums not deductible from total household resources:
Premiums paid for the following types of plans may not be deducted except to the extent deducted to arrive at adjusted gross income:
Premiums for long-term care
Premiums for income replacement coverage, such as long-term disability plans
Premiums for disability insurance policies
Premiums for policies for loss of life, limb, sight, etc.
Premiums paid by an employer with pre-tax contributions