Payroll deductions for Health Insurance
Answer:
Payroll deductions automatically withdwawn from your paycheck for medical insurance is a deductible medical itemized deduction.
This amount can be added to your other medical expenses such as for your doctor, dentist, prescribed drugs, eyeglasses and mileage to travel to those locations.
This gross medical expense calculation is subject to the 7.5% limitation.
This amount can be added to your other medical expenses such as for your doctor, dentist, prescribed drugs, eyeglasses and mileage to travel to those locations.
This gross medical expense calculation is subject to the 7.5% limitation.
