I ran into this and can't seem to find how it actually works tax wise. Section 80D allows individuals to deduct insurance premiums and expenses to a certain threshold depending on family size and age and paying parents premiums...
I just want to know where it goes on the tax form, is it a schedule A item? Do you use C? (then it would be self employed) I just want to know would it be subject to the 10% of gross income rule to even count?
While I find tons on the topic, it never seems to take the deduction all the way through. Anybody else run across this?
Source of insurance-forums.net
I just want to know where it goes on the tax form, is it a schedule A item? Do you use C? (then it would be self employed) I just want to know would it be subject to the 10% of gross income rule to even count?
While I find tons on the topic, it never seems to take the deduction all the way through. Anybody else run across this?
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