Friday, November 12, 2010

Should I have my health insurance taken out before my taxes?

Will it hurt you at the end of the year if you have your health insurance withheld before your taxes?
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If you have the option, it makes sense to have it taken out before tax - that way you won't pay income tax on the amount of your income that pays those premiums. Not all employers have plans set up to allow that though.
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