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    4. Will I get tax benefits if I buy insurance?
    Will I get tax benefits if I buy insurance?

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    0  Views: 1973 Answers: 2 Posted: 10 years ago
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      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.

      10 years ago. Rating: 4
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        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!!!

        10 years ago. Rating: 3
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