Medical and dental insurance


D

Dan Kennedy

My question regards how I should treat my medical, vision and dental
insurance that I pay through work. I can see on my 401K that I have a
certain amount paid for various types of insurance (vision, dental,
mediacal etc.), is this all deductible? If so, does it along with any
other "fees" I may have paid need to be in excess of $6,600 as my
Turbo Tax software implies in order to be deductible? Does it matter
if it's pre or post tax money? How do I tell which way it was paid if
it does matter?
Thanks sooooo much for any help on this!
Dan
 
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A

Arthur L. Rubin

Dan said:
My question regards how I should treat my medical, vision and dental
insurance that I pay through work. I can see on my 401K ...
Pay stub, rather than 401K?
... that I have a
certain amount paid for various types of insurance (vision, dental,
mediacal etc.), is this all deductible?
If they are "pre-tax" deductions, they would already be
subtracted from your wages, so they're not deductible in
addition. If post-tax deductions, then yes.
If so, does it along with any
other "fees" I may have paid need to be in excess of $6,600 as my
Turbo Tax software implies in order to be deductible?
Yes.
 

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