Friday, December 24, 2010

does health insurance costs count toward your gross earnings when doing your taxes?

my wife paid just over 10000 for health insurance this year for our family plan. her w2 says she paid the amount but also includes it in her gross for the year is this correct???? please help thanks
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It is in your gross income. The insurance was taken out of the wages. You're taxed on the gross income. If it's documented on your W-2, then your tax program will tell you where & if you can take it off.
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