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When Can You Claim a Tax Deduction for Health Insurance? #tax, #taxes, #turbotax, #turbotaxhealth, #national #insurance #awareness #day, #health #insurance, #compare #insurance #rates, #health #care, #medical #expense #deduction, #premiums, #insurance #coverage, #affordable #cost, #tax #deduction, #tax #deductible, #subsidy, #premium #tax #credit


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When Can You Claim a Tax Deduction for Health Insurance?

Each year, June 28 marks National Insurance Awareness Day, serving as a reminder that it’s a good time to review your insurance coverage and ensure that it still fits your needs.

This is particularly true for health insurance and making sure you have the right amount of coverage at an affordable cost.

Health insurance can be expensive, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time.

Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a tax deduction on your health insurance.

When health insurance is not tax-deductible

If you didn’t pay for health insurance, you can’t take a tax deduction for it. If your employer pays your health insurance premiums, you can’t deduct those costs. However, if an employer only pays for part of your premiums, you still may be able to claim a tax deduction for the portion you paid.

If you received a subsidy or premium tax credit to purchase an insurance plan in the Health Insurance Marketplace through the Affordable Care Act, any advanced-payment subsidy that lowered the cost of your health insurance premiums cannot be claimed as a tax deduction. However, the money you paid out of your own pocket for your premiums might be tax deductible.

You can’t take a deduction for health insurance you paid for with pre-tax money. If you have insurance through your employer, the premiums you pay are usually taken out of your paycheck before your income taxes are calculated. Since these premiums are paid with pre-tax dollars, they’re already income-tax-free, meaning you can’t claim them as a tax deduction.

Also note, you can not deduct health insurance unless you itemize your tax deductions or you are self-employed. You don t need to know if you qualify for itemized tax deductions, TurboTax will figure it out for you.

When health insurance is tax-deductible

If you’re self-employed, your health insurance premiums may be tax deductible. If you’re self-employed and not eligible for an employer-sponsored health plan through a spouse’s job, you may be eligible to write-off your health insurance premiums on your taxes. However, you can’t write off more in health insurance premiums than you earned.

Health insurance premiums paid with your own after-tax dollars are tax deductible. For example, if you purchased health insurance on your own through a health insurance exchange or directly from an insurance company, the money you paid toward your monthly premiums can be taken as a tax deduction.

Some Medicare plans are tax deductible. This includes Medicare Part B and Part D prescription coverage.

There are limits to the amount of your health insurance you can deduct. If you are able to write-off your health insurance, there are limits to how much of your premiums you can write off.

If you’re able to claim your health insurance as a medical expense deduction. you can only deduct medical expenses that exceed 10% of your adjusted gross income (7.5% if you’re 65 or older). If you’re self-employed and claimed the self-employed health insurance deduction, you don’t have to exceed the 10% threshold because you’re writing the premiums off as an adjustment to your self-employment income rather than as a tax deduction deduction.

As with all tax laws, TurboTax is up-to-date with the latest tax law changes. If you have more questions about the Affordable Care Act and how it impacts you and your taxes, you can get answers from TurboTax Health .

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Precision Tree Service #precision #tree #services, #tree #care


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Tree care in Covington

Trees can make any property more desirable. The maintenance and upkeep, on the other hand, can be anything but. If tree care is something you don’t have the time, inclination or love of heights to do yourself, Precision Tree Service is at your service! With a full range of tree care services, including pruning, trimming, stump removal and spring seeding, your entire yard will be vibrant, attractive and under control through all four seasons. Call our office in Covington, KY for an appointment.

Sixteen years of growth management

Trees have survived on this Earth without human intervention for eons, but left to their own devices, they’ll make a yard look like a wild, unruly jungle. At Precision Tree Service, we’ve been keeping trees in Ohio and Kentucky neat and healthy at competitive prices for over 15 years. If your trees are out of control, call today and get your yard back.

You get ringing, we get rolling

If your tree branches are looking heavy, coming too close to power lines, or you need a dead tree or stump removed, call Precision Tree Service right away. We’ll be at your property in no time to provide a written estimate for trimming, pruning, seeding and any other services you might need to get your yard back to its former glory.

Our plus column is overflowing

Any business is bound to have a bad report or two lurking around social media, right? We wouldn’t know. At Precision Tree Service, we haven’t received one single solitary complaint in our 16 years in business. Not one. Can the other guys say the same? If you need help with tree care, do yourself a favor. Forget the rest, and call the best – Precision Tree Service!


Central Texas Veterans Health Care System #central, #texas, #veterans, #health, #care, #system, #affairs, #vamc, #medical, #center, #temple, #waco, #austin, #brownwood, #bryan, #college #station, #palestine, #cedar #park, #lagrange, #va, #hospital, #healthcare, #va


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Central Texas Veterans Health Care System

Stay Informed

TRAFFIC CHANGES: Additional changes to traffic flow along with construction detours to our Temple main site with start on Tuesday, June 20, 2017. The intersection South 5th Street at Avenue U will be closed for several weeks to work on another phase to update area roadways. Estimated completion time is the middle to the end of August pending weather conditions. The recommended route from the southwest and west (east and north bound from I-35 and Loop 363) will be to take South 31st Street to Avenue R to access the facility. The secondary route will be take the 5th Street exit and follow the detour signs to 7th Street to Avenue R. Click here for map.

Starting Monday (Jan. 16, 2017), TxDOT will close the eastbound Loop 363 turnaround to north Spur 290 (1st Street) and the southbound 1st Street ramp to eastbound Loop 363. The closure is for a project to make a signalized interchange at the intersection of 363 and 290. Completion is expected spring of 2018. Click link for recommended routes: TxDOT Map

Veterans Access, Choice and Accountability Act

VETERANS BEWARE: The official VA Choice Program telephone line is 1-866-606-8198. There is a very similar telephone number (1-800-606-8198; THIS IS NOT A VA NUMBER) being used by scammers attempting to gain credit card information from Veterans. VA will never ask for your credit card information as any type of incentive.

SCAM ALERT: Police Departments in the Central Texas area are warning residents, especially the eldery and Veterans, about fraud scams. The Police believe those receiving benefits from the Department of Veterans Affairs are being targeted. Veterans or others in receipt of VA benefits should know that VA will never call you to get your personal, credit or bank information. If you believe you have been a victim, please contact your local police department to report the incident, whether or not those responsible were successful or not in stealing money.

VA Notice – Texas Concealed Handgun Law and the new Texas Open Carry Law (Effective Jan. 1, 2016DOES NOT APPLY to VA property. No firearms or weapons are allowed on our VA controlled property. Any confiscated firearms will be destroyed and offender will appear before Federal Court. Only certified police officers in the commission of his or her duties may bring a firearm onto VA property. Texas concealed and open carry handgun laws DO NOT apply to VA property.

Local Features


Lakeridge Health reports tech problems amid global cyberattack #lakeridge #care #center


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Lakeridge Health reports tech problems amid global cyberattack

Lakeridge Health in Durham Region was having intermittent problems with its IT system on Friday amid news dozens of countries were hit with a huge cyberextortion attack.

Lakeridge director Paul McGary didn’t say what was causing the issues or if they were similar to those that locked up computers and held users files for ransom at a multitude of hospitals, companies and government agencies around the world.

McGary said the hospital network has a contingency plan for tech problems and it was “business as usual.”

The global attack was believed to the biggest of its kind ever recorded.

The malicious software behind the onslaught appeared to exploit a vulnerability in Microsoft Windows that was supposedly identified by the National Security Agency for its own intelligence-gathering purposes and was later leaked to the internet.

Britain s national health service fell victim, its hospitals forced to close wards and emergency rooms and turn away patients. Russia appeared to be the hardest hit, according to security experts, with the country s Interior Ministry confirming it was struck.

All told, several cybersecurity firms said they had identified the malicious software in upward of 60 countries, including the United States, though its effects in the U.S. did not appear to be widespread, at least in the initial hours.

Computers were infected with what is known as “ransomware” — software that freezes up a machine and flashes a message demanding payment to release the user s data.

Mikko Hypponen, chief research officer at the Helsinki-based cybersecurity company F-Secure, called it “the biggest ransomware outbreak in history.”

Security experts said the attack appeared to be caused by a self-replicating piece of software that enters companies and organizations when employees click on email attachments, then spreads quickly internally from computer to computer when employees share documents and other files.

Its ransom demands start at $300 and increase after two hours to $400, $500 and then $600, said Kurt Baumgartner, a security researcher at Kaspersky Lab.

Chris Wysopal of the software security firm Veracode said criminal organizations were probably behind the attack, given how quickly the malware spread.

“For so many organizations in the same day to be hit, this is unprecedented,” Wysopal said.

The security holes it exploits were disclosed several weeks ago by TheShadowBrokers, a mysterious group that has published what it says are hacking tools used by the NSA as part of its intelligence-gathering.

Shortly after that disclosure, Microsoft announced that it had already issued software “patches” for those holes. But many companies and individuals haven t installed the fixes yet or are using older versions of Windows that Microsoft no longer supports and didn t fix.

By Kaspersky Lab s count, the malware struck at least 74 countries. In addition to Russia, the biggest targets appeared to be Ukraine and India, nations where it is common to find older, unpatched versions of Windows in use, according to the security firm.

Hospitals across Britain found themselves without access to their computers or phone systems. Many cancelled all routine procedures and asked patients not to come to the hospital unless it was an emergency. Doctors practices and pharmacies reported similar problems.

Patrick Ward, a 47-year-old sales director, said his heart operation, scheduled for Friday, was cancelled at St. Bartholomew s Hospital in London.

Tom Griffiths, who was at the hospital for chemotherapy, said several cancer patients had to be sent home because their records or bloodwork couldn t be accessed.

“Both staff and patients were frankly pretty appalled that somebody, whoever they are, for commercial gain or otherwise, would attack a health care organization,” he said. “It s stressful enough for someone going through recovery or treatment for cancer.”

British Prime Minister Theresa May said there was no evidence patient data had been compromised and added that the attack had not specifically targeted the National Health Service.

“It s an international attack and a number of countries and organizations have been affected,” she said.

Spain, meanwhile, took steps to protect critical infrastructure in response to the attack. Authorities said they were communicating with more than 100 energy, transportation, telecommunications and financial services providers about the attack.

Spain s Telefonica, a global broadband and telecommunications company, was among the companies hit.

Ransomware attacks are on the rise around the world. In 2016, Hollywood Presbyterian Medical Center in California said it had paid a $17,000 ransom to regain control of its computers from hackers.

Krishna Chinthapalli, a doctor at Britain s National Hospital for Neurology Neurosurgery who wrote a paper on cybersecurity for the British Medical Journal, warned that British hospitals old operating systems and confidential patient information made them an ideal target for blackmailers.

He said many NHS hospitals in Britain use Windows XP software, introduced in 2001, and as government funding for the health service has been squeezed, “IT budgets are often one of the first ones to be reduced.”

“Looking at the trends, it was going to happen,” he said. “I did not expect an attack on this scale. That was a shock.

Canada s public safety department is aware of the global attack, but in a statement it said it normally does not comment on whether it has received any reports on any specific incidents involving Canadian computers.

Lawless reported from London. Parra reported from Madrid.

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Fort Collins Tree Trimming – Tree Removal Service #fort #collins #tree #care, #loveland #tree #care, #windsor #tree #care, #wellington #tree #care, #northern #colorado #tree #care, #tree #care, #tree #trimming, #tree #removal, #tree #pruning, #chimney #sweep, #stump #grinding, #bush #pruning, #bush #removal, #tree #maintenance


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Diamond Tree Company of Northern Colorado and based in Fort Collins is a family operated tree service business owned by Brett and Angie Thomas. We have served the front range of Colorado from Boulder to Fort Collins including Loveland, Longmont, Windsor and Greeley for over 15 years. Brett is an ISA Certified Arborist and rest assured you get his expertise on every job. From trimming trees to the removal of large and dangerous trees and everything tree related in between, you can depend on Diamond Tree Company to be the “jewel” of the tree service industry in town.

  • Fully Licensed Insured
  • Free Estimates
  • Residential Commercial
  • Emergency Service
  • Discounts Available
  • We accept Credit Cards

Our goal is to provide diamond quality services at prices that won’t break the bank. We are known locally for our quality work and professional standards and we always leave the job site cleaner than we found it! Our services include:

  • Tree Trimming Pruning
  • Tree Removal (All size trees)
  • Storm Damage Clean-up
  • Stump Grinding
  • View Trimming
  • Wood Chipping
  • Cabling Bracing
  • Hedge Trimming Removal
  • Hauling Service
  • Event Lighting

Equipment

We utilize the latest tree care tools and equipment to professionally handle every job. Some of our specialized equipment includes:

  • 70 ft Bucket Truck
  • Dump Truck With Chip Boxes
  • Large Capacity Wood Chippers
  • Stump Grinders

Tree Specialists

We have a skilled corps of tree cutters and climbers that safely rope branches and logs down to the ground when necessary. We always respect your wildlife, pets and your property. We have even rescued a cat or two during our work. All the brush and wood products are chipped and hauled away to be completely recycled. Our crews take great pride in our work and the clean up job is just one of the reasons are customers give us superb references(link) to their friends with tree service needs. We have earned an excellent reputation and stand behind our work 100%. With our friendly attitude and years of experience, you can be confident that we will do an excellent job for you.

Brett answers all his calls personally so you get to talk to an expert right away. Sometimes, however, the noise of the equipment or the fact that he is 40 ft above the ground make it a tad difficult to get to every call when it rings. Please leave a message and he’ll get back to you in no time! We pride ourselves on awesome customer service. You will see!

Diamond Tree Company awaits your call today. For the best Tree Care Service in Fort Collins and Northern Colorado, give us a call today at 970-493-8733


NANDA Nursing Care Plan for Pain #nanda, #ncp, #nursing #care #plan, #nanda #nursing, #nursing #diagnosis


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Nursing Care Plan for Pain – NANDA

The Casic Concept of Pain

1. Definition of Pain


Pain is a subjective sensory and emotional experience unpleasant tissue damage associated with actual or potential or perceived in the events where the damage occurred.

Another definition of pain is a subjective experience, greatly influenced by private educational, cultural, and cognitive meaning of the situation.

2. Type of pain based on the duration and length

Pain is usually divided into two major types are acute and chronic pain. Both can be distinguished from the onset, duration and cause pain.

Acute pain occurs after an acute injury, illness or surgical intervention and has a rapid onset, with varying intensity (mild to severe) and lasts for a short time (Meinhart and Mc Caffery, 1983, NIH 1986 in Potter and Perry, 1997).

By Bonica in 1987, acute pain as a collection of unpleasant experiences associated with sensory, perceptual and emotional responses related to the autonomic, emotional and behavioral.

Acute pain is usually a new event, a sudden and short duration. It is associated with acute illness, surgery or medical procedures or trauma and pain can help to determine its location. Another characteristic is the sense of pain can usually be identified, the pain was quickly reduced / lost, are clear and likely to end up / missing.

Chronic pain is pain that lasts a long, varied in intensity and usually lasts more than six months (Mc Caffery, 1986 in Potter and Perry, 1997). On clients with chronic pain often experience periods of remission (partial or complete loss of symptoms) and exacerbation (increased severity). The nature of this chronic pain can not be predicted which makes the client often leads to frustration and psychological depression.

Chronic pain is a situation or circumstance that experience persistent pain / continuously for several months / years after the healing phase of an acute illness / injury. Characteristics of chronic pain is not easily identifiable area of pain, reduced pain intensity difficult, the pain usually increases, its nature is less obvious and less likely to heal / disappear.

Chronic pain can be categorized into two: chronic pain of malignant and non malignant. Malignant chronic pain can be described as pain associated with cancer or other progressive diseases. Non-malignant chronic pain is usually associated with pain due to non-progressive tissue damage, or have experienced healing.

3.Type of painbased on the intensity

The intensity of pain a person can be known from the assessment tools used. In the verbal descriptions of pain, the individual is the best assessor of the pain they experienced and should therefore be asked to describe and make level. Obtained pain intensity was measured using a scale of them; simple descriptive pain intensity scale, a scale of 0-10 numerical pain intensity and visual analogue scale (VAS). Scale used to describe the intensity / severity of pain.

a. Simple descriptive pain intensity scale
Pain intensity scale of this simple descriptive pain using six images of different facial expressions, showing a happy face to sad face, which is used to express pain. This scale can be used from children age 3 (three) years.

b. Numeric pain intensity scale: 0 -10
Severity of pain or pain made into measurable with subjective pain make objective opinion. Numerical scale, was used from 0 to 10, zero (0) is a state with no or a pain-free, while ten (10), a very great pain.

c. Visual analog scale (VAS)
Similar scale is a straight line, without figures. Be free to express pain, to the left to no pain, unbearable pain in the right direction, with the center about which pain is. Clients asked to indicate the position of pain on the line between these two extreme values.

Pain Definition – Nanda

Feeling and an unpleasant emotional experience arising from tissue damage or a description of actual and potential damage. It can occur suddenly or slowly, the intensity of light or heavy. With predictions of healing time is approximately less than 6 months.

Defining characteristics:

  • Reports of verbal and nonverbal
  • Observation reports
  • Position the patient to be careful to avoid the pain
  • Movement to protect themselves
  • Cautious behavior
  • Face mask
  • Sleep disturbances (glazed eyes, looked tired, which is difficult or chaotic movement, smirk)
  • Focus on self-
  • The focus narrows (decreasing the perception of time, damage fikir process, decreasing the interaction with people and the environment)
  • Distracting activity (a walk, meet other people or activities, repetitive activities)
  • Response autonomy (diaphoresis, changes in blood pressure, changes in breathing, pulse and dilated pupils).
  • Autonomy in response to changes in muscle tone (visible from the weak to stiff)
  • Expressive behavior (restlessness, moaning, crying, alert, iritabel, deep breath, sigh)
  • Changes in appetite, drinking

Related factors:
a. Injury agents (biological, chemical, physical, psychological)
NOC

  • Not performed at all
  • Rarely do
  • Sometimes done
  • Often do
  • Always do

NIC

  • Pain Management

Interventions and Rational:

  • Perform a comprehensive assessment
  • Observation of nonverbal reactions and discomfort
  • Use therapeutic communication to know the experience of pain
  • Assess the culture that affect the pain response
  • Evaluation of past experience of pain
  • Assist patients and families to seek and find support
  • Environmental control
  • Reduce the Pain of precipitation factor
  • Select and doing pain management (pharmacologic, non-pharmacological and interpersonal)
  • Assess the source and type of pain to determine intervention
  • Teach about non-pharmacological techniques
  • Give analgesics for pain relief
  • Increase breaks
  • Collaboration with a physician if there are complaints of pain and the action does not work
  • Monitor the patient acceptance of pain management.

GreeneStone – Residential Addiction Treatment Facility – Alcohol, Drug, Narcotic, Substance Abuse Addict Rehabilitation Clinic – Private Medical Rehab Detox Center – GreenStone Toronto, Ontario, Canada #greenestone, #greenstone, #medical, #clinic, #resort, #health, #wellness, #muskoka, #corporate, #drug #addiction #clinic, #physicians, #psychiatrists, #psychologists, #therapists, #nurses, #nutritionists, #physical #fitness #experts, #interventionists, #professional #help, #holistic #care, #psychiatric #disorders, #clinical #care, #aftercare, #healing, #mental #health, #alcohol #treatment #center, #substance #abuse, #rehabilitation #centers, #depression, #rehab, #detox, #recovery, #exectutive #programs, #professional, #betty #ford, #troubled #adults, #narcotics #anonymous, #intervention, #family #care, #aftercare, #support, #spa, #holistic, #wellness, #executive #health #care, #ontario, #canada, #bala, #port #carling, #cranberry #marsh #cove, #fitness, #accommodations, #ohip, #doctors, #nurses, #gp, #general #practitioner, #toronto


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Residential Addiction Treatment

Addiction Recovery Treatment

GreeneStone Muskoka employs the best principles and practices currently available in the treatment of those with addiction. To ensure the most comprehensive and effective treatment for our clients, we treat underlying or co-occurring disorders in tandem with the treatment of addiction.

Listen to Dr. William R. Jacyk – Medical Director speak about the program here at GreeneStone Muskoka

Our Values

Our approach is client-centered, embracing diversity and honouring the need for autonomy, independence and privacy. We have a respectful and non-judgmental attitude to people and to addictions. The treatment is in accord with a person’s personal beliefs recognizing that bolstering hope, courage and trust are integral factors in recovery. We provide excellence in care through evidence-based treatments. Our collaborative, team-based, inter-professional approach is practical and results oriented – It is a seamless, full continuum of care with inclusion of the person’s primary supports including family, friends or others who are the individual’s core team support.

Karen Schafer, MSW, RSW – Family Therapist GreeneStone

Are You a Family Member, Loved One or Friend?

Dr. William Jacyk, MD, FRCPC – Senior Consultant GreeneStone

Signs Symptoms Leading to Relapse

Now Taking Admissions For This Year

To Request your admission information or by calling us toll free at 1-877-762-5501. All calls are confidential.

If you have any question please feel free to email us GreeneStone is fully operational during the Winter season.

Start Your Journey To Recovery Today

See if GreeneStone Muskoka is right for you by speaking with a member of our Admissions team.

Calls us toll free at 1-877-762-5501.All calls are confidential.

GreeneStone provides expert care in the treatment and recovery of those with substance abuse issues. The first addiction treatment facility of its kind in Canada.

GreeneStone provides a comfortable and private environment where executives and professionals are able to find the individualized care that they need.

GreeneStone employs the best principles and practices currently available in the treatment of those with addiction. We simultaneously treat clients with underlying or co occurring disorders so that the treatment of addiction can be as comprehensive and affective as possible.

GreeneStone

Join Our Community


Lubbock VA Outpatient Clinic – Amarillo VA Health Care System #lubbock #va #outpatient #clinic, #amarillo #va #health #care #system, #veterans, #texas #panhandle


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Amarillo VA Health Care System

Description of Program:

The Lubbock Outpatient Clinic is designed to deliver primary care services to eligible Veterans living in Lubbock County and outlying areas.

Services and Scope of Care:

  • Primary Care:
    * Management of Acute and Chronic Diseases
    * Compensation and Pension Exams
  • Specialty Care – Management of Acute Chronic Diseases:
    * Dermatology
    * Optometry
    * Ophthalmology
    * Podiatry
    * Urology
    * Gynecology
  • Supporting Services:
    * Social Services
    * Laboratory
    * Physical Therapy
    * Radiology
    * Pharmacy
    * Dental Clinic
    * Mental Health Clinic
    * Blind Rehabilitation (VIST) Coordinator
  • Patient Education

Hours of Operation:

  • Monday through Friday 8:00am 4:30pm
    (closed Saturday, Sunday and Federal holidays).

Location:

  • 6104 Avenue Q South Drive, Lubbock, TX 79412

Eligibility:

  • For information about enrollment in the Lubbock Outpatient Clinic call Eligibility and Enrollment at
    (806) 472-3436

Co-Pay:

Patient Advocate Information:

  • Lubbock/Clovis (806) 472-3445.
  • The Patient Advocate is the point of contact when a veteran has a question, complaint or compliment regarding their care at the Amarillo VA Health Care System.

Other Pertinent Information:

  • For appointments, call Telephone Linked Care (TLC) at the Amarillo VA Health Care System (806) 355-9703 or 1-800-687-8262.
    To assist in your care and treatment, please bring all of your medications to your first appointment.

Emergency Care:

  • No emergency care is available at this facility.
    For after hours emergency care call 911.

When Can You Claim a Tax Deduction for Health Insurance? #tax, #taxes, #turbotax, #turbotaxhealth, #national #insurance #awareness #day, #health #insurance, #compare #insurance #rates, #health #care, #medical #expense #deduction, #premiums, #insurance #coverage, #affordable #cost, #tax #deduction, #tax #deductible, #subsidy, #premium #tax #credit


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When Can You Claim a Tax Deduction for Health Insurance?

Each year, June 28 marks National Insurance Awareness Day, serving as a reminder that it’s a good time to review your insurance coverage and ensure that it still fits your needs.

This is particularly true for health insurance and making sure you have the right amount of coverage at an affordable cost.

Health insurance can be expensive, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time.

Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a tax deduction on your health insurance.

When health insurance is not tax-deductible

If you didn’t pay for health insurance, you can’t take a tax deduction for it. If your employer pays your health insurance premiums, you can’t deduct those costs. However, if an employer only pays for part of your premiums, you still may be able to claim a tax deduction for the portion you paid.

If you received a subsidy or premium tax credit to purchase an insurance plan in the Health Insurance Marketplace through the Affordable Care Act, any advanced-payment subsidy that lowered the cost of your health insurance premiums cannot be claimed as a tax deduction. However, the money you paid out of your own pocket for your premiums might be tax deductible.

You can’t take a deduction for health insurance you paid for with pre-tax money. If you have insurance through your employer, the premiums you pay are usually taken out of your paycheck before your income taxes are calculated. Since these premiums are paid with pre-tax dollars, they’re already income-tax-free, meaning you can’t claim them as a tax deduction.

Also note, you can not deduct health insurance unless you itemize your tax deductions or you are self-employed. You don t need to know if you qualify for itemized tax deductions, TurboTax will figure it out for you.

When health insurance is tax-deductible

If you’re self-employed, your health insurance premiums may be tax deductible. If you’re self-employed and not eligible for an employer-sponsored health plan through a spouse’s job, you may be eligible to write-off your health insurance premiums on your taxes. However, you can’t write off more in health insurance premiums than you earned.

Health insurance premiums paid with your own after-tax dollars are tax deductible. For example, if you purchased health insurance on your own through a health insurance exchange or directly from an insurance company, the money you paid toward your monthly premiums can be taken as a tax deduction.

Some Medicare plans are tax deductible. This includes Medicare Part B and Part D prescription coverage.

There are limits to the amount of your health insurance you can deduct. If you are able to write-off your health insurance, there are limits to how much of your premiums you can write off.

If you’re able to claim your health insurance as a medical expense deduction. you can only deduct medical expenses that exceed 10% of your adjusted gross income (7.5% if you’re 65 or older). If you’re self-employed and claimed the self-employed health insurance deduction, you don’t have to exceed the 10% threshold because you’re writing the premiums off as an adjustment to your self-employment income rather than as a tax deduction deduction.

As with all tax laws, TurboTax is up-to-date with the latest tax law changes. If you have more questions about the Affordable Care Act and how it impacts you and your taxes, you can get answers from TurboTax Health .

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Fry s Home, care home software.#Care #home #software


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