View Here : Cobra



COBRA payments are not deductible as business expense. Per IRS, the insurance plan must be in your name to qualify, COBRA is in your former's employer's name. But you can deduct COBRA payments as your personal medical expenses:

Hello pattersj, I found some information for you about deducting COBRA premiums.I hope this helps! If you are paying the COBRA premiums with out of pocket funds, you can deduct the premiums paid as an eligible medical expense on Schedule A as an itemized deduction.Only your total medical expenses greater then 10% of your AGI can be deducted if you are under the age of 65.

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses.

The information I read indicated that the FSA deposits are included as part of your COBRA insurance premium. In that case, since you are paying the premiums from after-tax dollars, the entire insurance premium is an eligible expense to deduct as a medical expense (subject to the 10% rule of course.)

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses.

cobra health prem. I paid cobra health insurance premium all year in 2017. My company eliminated my position in 2016 and provide coverage to me up to 12.31.2016.

COBRA better than Obamacare without subsidies? We were on my wife's corporate health plan until she was laid off. COBRA is expensive, but the premium is actually a little cheaper than the Silver ACA plan we're looking at, and the coverage is better.

You can continue your coverage via COBRA even if you are eligible for a new employer's plan. But, if you waive your new employer's coverage when it's offered to you, you will not be able to enroll in your new employer's plan until the next open enrollment or your next qualifying event.

Not self employed, but premiums have always been deducted "pre tax" while cobra payments have been paid with after tax funds, so a deduction should be allowed presumably.

You probably already know that you can deduct things like medical and dental fees, co-pays, eyeglasses, prescriptions, lab fees, surgery, and hospital facility fees.

Cobra >> Quick View

Cobra >> Quick View

Cobra >> AC Shelby Cobra 289 - Chassis: CSX2049 - Driver: David Hart - 2014 Le Mans Classic

Cobra >> AC Shelby Cobra 289 - Chassis: CSX2049 - Driver: David Hart - 2014 Le Mans Classic

Cobra >> AC Shelby Cobra FIA Roadster - Chassis: CSX2260 - 2011 Monterey Motorsports Reunion

Cobra >> AC Shelby Cobra FIA Roadster - Chassis: CSX2260 - 2011 Monterey Motorsports Reunion

Cobra >> AC Cobra grille: Wide angle | Flickr - Photo Sharing!

Cobra >> AC Cobra grille: Wide angle | Flickr - Photo Sharing!

Cobra >> Monogram 85-4834 Shelby Cobra Daytona Coupe - #59 Filipinetti 1965

Cobra >> Monogram 85-4834 Shelby Cobra Daytona Coupe - #59 Filipinetti 1965

Cobra >> Quilopoda / Chilopoda | Jorge J Restrepo A. | Flickr

Cobra >> Quilopoda / Chilopoda | Jorge J Restrepo A. | Flickr

Cobra >> Bell P-63A-8-BE Kingcobra

Cobra >> Bell P-63A-8-BE Kingcobra

Cobra >> Cobra Jet | Flickr - Photo Sharing!

Cobra >> Cobra Jet | Flickr - Photo Sharing!

Cobra >> IMA Pugachev Cobra - Incredible flipping and wobbling action along the surface. | AMOSTRAS ...

Cobra >> IMA Pugachev Cobra - Incredible flipping and wobbling action along the surface. | AMOSTRAS ...

Cobra >> Used Cobra Offset Drivers | eBay

Cobra >> Used Cobra Offset Drivers | eBay