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Tag: taxes

Is medical insurance a fringe benefit?

“To sum it up…” Fringe benefits are taxable forms of wages or employee compensation The Stabilization Act of 1942 led t...

Is health insurance considered a business expense?

“To sum it up…” Businesses that must cover employees can deduct the costs of insurance as a business expense Individual...

How do you prove you have health insurance?

“To sum it up…” The Forms 1095-A, B and C show proof of essential health insurance coverage but only the 1095-A needs t...

What is the Obamacare Cadillac tax?

“To sum it up…” The Cadillac tax applied to plans that exceeded the range of benefits permitted under the ACA The Cadil...

Is long-term healthcare insurance tax deductible?

“To sum it up…” Long-term healthcare insurance is tax-deductible as a medical expense Premiums, costs, and expenses are...

If your employer pays your health insurance, is...

“To sum it up…” Employer paid healthcare premiums are never tax deductible If you pay some portion of your premiums, yo...

Is health insurance taxable income?

“To sum it up…” Some health insurance premiums are tax deductible Premiums paid for Medicare may be deductible The amou...