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Thursday
Feb112010

Health Insurance: Can you claim it on your tax return?

If you are paying a high-dedutible health insurance the answer is yes, if you live in Georgia.

Due to a large number of changes to the tax laws passed by Congress last year you may be missing out on some returns if you aren't aware of what you can now claim for. And one of these relates to High-deductible health insurance. For anyone looking to purchase affordable health insurance, knowing this option is now available to people living in GA, choosing a high-deductible health insurance may now be an option.

Tax Guide: New deductions, credits for 2009 returns - Business - Macon.com

Some [tax] changes also affect Georgia tax returns, McMullan said. For example, people with high-deductible health insurance can deduct a portion of it and there are child care credits and credit for college tuitions that are not included on the federal return, she said.

For anyone looking to purchase affordable health insurance, knowing this option is now available to people living in GA, choosing a high-deductible health insurance may now be an option.

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