2014 Taxes

[Always The Herd]

I have a question.....


When filing my taxes for 2014:


I retired from one company. That company put money into an account to be used to purchase a medical premium(s) "after" retirement. I then send them a receipt that shows my monthly payment. I am reimbursed for those payments out of that account. Not sure if would matter but I am currently on Cobra coverage.


1 - Can I claim these premiums on my 2014 taxes?
2 - What about monthly premiums I paid with my current employer? (I can also be reimbursed for these premiums from the company that I retired from)


Thank you for your help!
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[herdfan429]

Dude go hire an accountant or go to hr block.
Posted from Rivals Mobile

 

[banker6796]

If you claim the expense (premiums) you have to claim the income (reimbursement). There's no legal way to get a tax benefit out of the situation.

 

[Always The Herd]

The monthly premium from my current employer were "pre" tax so I understand I could not deduct them.....but I am still curious about the other premiums with Cobra that I was reimbursed from the MPR account.

 

[HerdFan73]

Hire Dherd. He's an "accountant."

 

[i am herdman]

Originally posted by HerdFan73:
Hire Dherd. He's an "accountant."

That should work out well. Might as well go ahead and hire a lawyer at the same time.