An interesting tidbit I just ran across that I was unaware of so I thought I'd post:
"You can pay your insurance premiums using pre-tax dollars in a health savings account (HSA) if you enroll in COBRA or are receiving unemployment insurance."
Of course the COBRA plan must be a high deductible plan. This was actually posted here back in 2006, but not since then, at least not that I found so thought it wouldn't hurt to re-post for anyone (like me) deciding between COBRA or ACA.
Without the above caveat I believe health insurance is only deductible if you itemize and, and only on the portion of the cost above 10% of your AGI. At least that's what I got from this article, but please verify this part yourself, I'm still coming up to speed on most of this stuff:
https://www.investopedia.com/are-health-insurance-premiums-tax-deductible-4773286
"You can pay your insurance premiums using pre-tax dollars in a health savings account (HSA) if you enroll in COBRA or are receiving unemployment insurance."
Of course the COBRA plan must be a high deductible plan. This was actually posted here back in 2006, but not since then, at least not that I found so thought it wouldn't hurt to re-post for anyone (like me) deciding between COBRA or ACA.
Without the above caveat I believe health insurance is only deductible if you itemize and, and only on the portion of the cost above 10% of your AGI. At least that's what I got from this article, but please verify this part yourself, I'm still coming up to speed on most of this stuff:
https://www.investopedia.com/are-health-insurance-premiums-tax-deductible-4773286