John M. Hoffman & Associates CPAs

Frequently Asked Tax Questions

Health, Long Term Care and Medicare Insurance Premiums

Health Insurance Premiums are tax deductible in one of three ways:

• As a pre-tax wage reduction at your place of employment. 

• As an “above the line deduction” for self employed individuals or owners of “S” corporations.

• As an itemized deduction.

Long Term Care Insurance Premiums

Medicare Premiums