699574
Level 3
05-11-2020
01:41 PM
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CLIENT TOLD ME HE HAD $500.00 DEDUCTED WEEKLY FROM NET PAY FOR MEDICAL
INSURANCE. HE PAID $25,000 LAST YEAR. HE SAID H & R BLOCK TOLD HIM IT WAS PRE TAXED AND THEREFORE NOT DEDUCTIBLE. IT SHOWS ON HIS PAYCHECK STUB AS AN ADJUSTMENT TO NET INCOME. HOW CAN IT BE PRE-TAXED IF IT IS DEDUCTED FROM NET INCOME. I;M CONFUSED?
I PLAN ON DEDUCTING IT AS A MEDICAL EXPENSE?
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