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I'm trying to figure out how much to write off for health insurance. Let's say your premiums WOULD be $100 per month but you're getting a credit for $90, so your out of pocket amount is $10. But let's say based on your income, you had to pay back $100 of those credits on your tax return.
Would you write off $120, or the $220? My view is, that if you had paid the correct amount that year based on your estimated income, you WOULD have paid $220 during the year, but now have to play catch up.
Thoughts?
Would you write off $120, or the $220? My view is, that if you had paid the correct amount that year based on your estimated income, you WOULD have paid $220 during the year, but now have to play catch up.
Thoughts?