When tax time rolls around, you may be wondering if yourhealth insurance premiumsare tax-deductible.
But for people who buy their own health insurance, its a little more complicated.
Either way, self-employed individuals can only deduct the amount they actually pay in premiums.
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Thats because theyre most likely already being paid with pre-tax dollars.
For 2025, these limits increase to $4,300 and $8,550, respectively.
The premiums and contributions are probably subtracted from your paycheck on a pre-tax basis.
you’ve got the option to ask your employer to confirm this.
But to deduct medical expenses, you have to itemize your deductions.
This is just an overview of how the IRS treats health insurance premiums.
If you have questions about your specific situation, speak with a tax advisor.
With the higher standard deduction amounts, its much less likely that people itemize medical expenses.
Consult with a tax advisor for guidance.
Summary
Health insurance premiums can generally be paid with pre-tax dollars.
If in doubt, be sure to check with a tax advisor.
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