Are the premiums for self insured starting Jan. 2014 tax deductible?
If you actually pay for the
premiums then yes they are deductible. If you receive a subsidy then
that part of the premium paid by the subsidy is NOT deductible. But
remember that you can only deduct those medical expenses that exceed
10% of your AGI (7.5% if you are age 65 or above). And your total
itemized deductions would need to be greater than your standard
deduction or else you are better off using the standard deduction.
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