Employee Sponsored Medical Insurance

rlgovi · ‎June 4, 2019

My employer sponsored medical insurance is paid 60% by the employer and 40% pre-tax by me through my pay. This is not on my W2 but is on my pay stub. Can I deduct the 40% as medical insurance premiums?

Vanessa · ‎June 4, 2019

No, since it is being paid pre-tax it is not included in your taxable income. If you added this again, you would be getting a double tax break for the same payments.

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Vanessa · ‎June 4, 2019

No, since it is being paid pre-tax it is not included in your taxable income. If you added this again, you would be getting a double tax break for the same payments.

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Employee Sponsored Medical Insurance