When can the premiums of an individually owned hea...

PSI - NYS Life Accident And Health Insurance Agent Practice Exam Questions And Answers

Question Number 43

When can the premiums of an individually owned health insurance policy be deducted from the individual's income tax?

when the taxpayer's medical expenses exceed 7.5% of adjusted gross income during a taxable year

✔ Correct Answer:

when the taxpayer's medical expenses exceed 7.5% of adjusted gross income during a taxable year

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PSI - NYS Life Accident And Health Insurance Agent Practice Exam Questions And Answers

Question Number 43

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