Rich_by_the_Bay
Moderator Emeritus
My understanding is that you can take health insurance premiums as an adjustment to gross income if you're self-employed and not if you get these as a pretax benefit as an employee. (I'm talking about a standard 1040 income tax deduction, and not about itemizing them as a medical expense.)
My question: can you deduct the premiums if you are employed, decline pre-tax health benefits from your current employer, but pay out of pocket the premiums on a continuation policy from a previous employer?
My question: can you deduct the premiums if you are employed, decline pre-tax health benefits from your current employer, but pay out of pocket the premiums on a continuation policy from a previous employer?