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R.R. Donnelley & Sons Company Message Board

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  • stamo stamo Oct 28, 2004 9:22 PM Flag

    Private Health Insurance

    If you itemize your deductions on your tax return, ie mortgage interest, taxes, contributions etc, you can list medical expenses and insurance premiums would be deductible. However, medical expenses are not deductible until they exceed 7.5% of your income.

    If you earn $30,000, the first $2,250 is not deductible.

    For someone in your position the health savings plan is the way to go.

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