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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

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Old 01-09-2017, 07:59 AM
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morgan24 morgan24 is online now
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Default Buying Health Insurance

My husband retired and we have to buy insurance through the marketplace. Is is deductible? Also I'm not sure what to use as a base to estimate my income. Is it the adjusted gross income or taxable income?
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Old 01-09-2017, 11:22 AM
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Default health insurance

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Originally Posted by morgan24 View Post
My husband retired and we have to buy insurance through the marketplace. Is is deductible? Also I'm not sure what to use as a base to estimate my income. Is it the adjusted gross income or taxable income?
You can deduct the insurance premiums for both of you on IRS Form 1040, line 29. Use your adjusted gross income.
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