1. 15645 POINTS
    Edward HarrisPRO
    Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
    Your health insurance can impact how you file your tax return. For example, if you have an HSA (Health Savings Account) and you made contributions during the tax year you are filing, you may be entitled to deductions that will reduce your taxable income.

    If you itemize your deductions, Then there may be an impact on your adjusted gross income, depending on how many medical expenses you had and the type of health insurance you carry.

    Self-employed persons may have additional opportunities for reductions if they pay health insurance premiums. Of course, your tax adviser would be a great resource and perhaps an experienced broker to review the health insurance issues.
    Answered on May 15, 2013
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