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    Will I get tax benefits if I buy insurance?

    0  Views: 1353 Answers: 2 Posted: 5 years ago

    2 Answers

    It depends on what country you live in, your occupation, your income etc. You need to ask a tax professional or an accountant.

    When I am able to itemize my deductions, my cost of health insurance is part of my deductions, along with the long-term health care insurance.  However, I only get a portion of that.  I believe the first 7 1/2% of your health expenses (of your gross income....or is it net.....one or the other) is NOT deductible.  


    You can contact any tax prep agency (H & R Block, Liberty, CPA firm) and ask!!!



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