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Re: [IBM Retiree] Medical plan premiums tax deductible?   Message List  
Reply | Forward Message #9814 of 15587 |
Re: [IBM Retiree] Medical plan premiums tax deductible?

--- In ibmretiree@yahoogroups.com, mr_quarkwrench <no_reply@...>
wrote:

> Still better than FHA, I guess.
>
> -- Don

No Don, anything is better than the deal they have dealt you.

We know how you got your cancer. (IBM)

It is sinful how they treat you. (leper, please die)

I'm so ashamed of IBM.
Fri Mar 2, 2007 12:59 am

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justa_bean_c...
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Forward 		Message #9814 of 15587 |
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... Health insurance premiums are not deductable if they are paid with pre-tax dollars for an employer-sponsored medical plan. That means that as long as your... 		janet.krueger@...
puppy_play
Offline Send Email 		Feb 22, 2007
3:04 am

... difference in our taxes if this could be included as a medical deduction (I understand about the .075 percent), but I'm not sure if this is OK given that...
mr_quarkwrench
Offline 		Feb 22, 2007
4:55 pm

... If they are not pre-tax dollars, then they could be deducted as a medical expense on Schedule A if you itemize; the key is to look at how much of your...
janet.krueger@...
puppy_play
Offline Send Email 		Feb 22, 2007
6:40 pm

... it is potentially a deductible medical item. I cannot for the life of me undrstand why if your medical expense was lower than your pension that it would...
ramacjoe
Offline Send Email 		Feb 22, 2007
6:58 pm

I retired 7/31/92, went to Medicare 8/1/92. During the first part of my retirement, I paid zilch for IBM medical plans. The deduction for IBM medical plans...
herbyd32708
Offline 		Feb 22, 2007
8:20 pm

... This is just flat wrong you can deduct ALL medical insurance premiums including your medicare premium. The limitation is the 7.5% of your income...
railroadm1933
Offline Send Email 		Feb 22, 2007
11:04 pm

Not quite right. You can deduct all the medicare insurance payments except any portion paid for by someone else such as the IBM/SHAP medicare assistance...
tx_rodmaster
Offline 		Feb 23, 2007
1:38 am

On my 1099-MISC from Fidelity, it indicates on the back that the $250 I received to offset my Long Term Care expense should "generally" be declared as...
west_coast_retired_guy
west_coast_r...
Offline Send Email 		Feb 23, 2007
10:55 pm

Which box on the 1099 is the $250 entered?? Joe In FL ... $250 ... be ... only ... otherwise. ... payments ... Sched ... deducted ... to ... Tax ... income...
ramacjoe
Offline Send Email 		Feb 24, 2007
1:41 pm

I am paying for long term insurance for both me and my wife. I did not know I could get something back from IBM. Where do I go to get details? Thanks...
ffandrick
Offline Send Email 		Feb 24, 2007
3:11 pm

I get two statements early each year showing how much I paid John Hancock for the long term care for my wife and myself for the prior year. Then I file those...
west_coast_retired_guy
west_coast_r...
Offline Send Email 		Feb 24, 2007
5:35 pm

I have never used the life planning account. I just downloaded the form from "NetBenefits" and the last line of the instructions is as follows "Benefits paid...
ramacjoe
Offline Send Email 		Feb 24, 2007
6:30 pm

Box 3 entitled "Other Income" ... me ... in ... IBM/SHAP ... some ... Subtract ... to ... other ... of ... exceed ... refers ... and...
west_coast_retired_guy
west_coast_r...
Offline Send Email 		Feb 24, 2007
5:21 pm

Janet, I didn't think so, but thought there was not harm in asking since there are a lot of things in the tax structure that don't make sense to me. Thanks, ...
Jim Cullen
jw_cullen
Offline Send Email 		Mar 1, 2007
8:28 am

While looking over my latest pension statement which arrived in today's mail and confirming that the medical premium was after tax dollars, my phone rang. It...
mr_quarkwrench
Offline 		Mar 1, 2007
8:47 pm

... No Don, anything is better than the deal they have dealt you. We know how you got your cancer. (IBM) It is sinful how they treat you. (leper, please die) ...
justa_bean_counter
justa_bean_c...
Offline 		Mar 2, 2007
12:59 am

Medical insurance companies have found that denying valid claims is an easy way to increase profits. Some people will never bother to resubmit the claim, or...
madinpok
Offline 		Mar 2, 2007
1:42 am
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