Health insurance deduction

Discussion in 'Ask An Owner Operator' started by murat, Dec 30, 2015.

  1. Dec 30, 2015 #1
    murat

    murat Light Load Member

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    This being my first year as Owner operator ,I have been purchasing my healthcare through my wife's employment and I have not been deducting the monthly cost.I thought I read where I could not deduct it even if I did not go through her being as it is available from her employer.I was wondering if anyone else is in this situation.
     
    murat, Dec 30, 2015
    murat, Dec 30, 2015
    #1
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  3. Dec 30, 2015 #2
    truckthatpassesyouby

    truckthatpassesyouby Road Train Member

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    if you filed jointly, yes. If you file separately, no, I don't think so.

    but if you are paying for it separately from hers, then yes. I imagine you would have to file jointly or separately and just include it as a mutual cost of healthcare
     
    truckthatpassesyouby, Dec 30, 2015
    truckthatpassesyouby, Dec 30, 2015
    #2
  4. Dec 30, 2015 #3
    KAK

    KAK Medium Load Member

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    I am going to assume your wife has her insurance held out of her paycheck. IF that is the case it is held out before taxes, so you can not claim it again. That is my case, but check with your accountant.
     
    KAK, Dec 30, 2015
    KAK, Dec 30, 2015
    #3
  5. Dec 30, 2015 #4
    murat

    murat Light Load Member

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    Wife's insurance is a benefit no out of paycheck cost to her,to add another family member cost and that is taken out of her check, I pay for that.
     
    murat, Dec 30, 2015
    murat, Dec 30, 2015
    #4
    KAK Thanks this.
  7. Dec 30, 2015 #5
    double yellow

    double yellow Road Train Member

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    double yellow, Dec 30, 2015
    double yellow, Dec 30, 2015
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    murat and blairandgretchen Thank this.
  8. Dec 30, 2015 #6
    truckthatpassesyouby

    truckthatpassesyouby Road Train Member

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    truckthatpassesyouby, Dec 30, 2015
    truckthatpassesyouby, Dec 30, 2015
    #6
  9. Dec 31, 2015 #7
    glockwise

    glockwise Light Load Member

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    glockwise, Dec 31, 2015
    glockwise, Dec 31, 2015
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