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Discussion:MEDICAL PORTION OF AUTO INSURANCE

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Discussion Forum Index --> Tax Questions --> MEDICAL PORTION OF AUTO INSURANCE


ANNE1 (talk|edits) said:

13 February 2007
WOULD THE PORTION OF AUTO INSURANCE PAID FOR MEDICAL COVERAGE QUALIFY AS AN ITEMIZED DEDUCTION FOR MEDICAL PROVIDED IT MEETS THE 7.5% LIMITATION?

Sw (talk|edits) said:

February 13, 2007
NO

Deback (talk|edits) said:

February 13, 2007
See the bottom of page 9 in Publication 502.

Riley2 (talk|edits) said:

14 February 2007
Yes, this is deductible as medical insurance.

ANNE1 (talk|edits) said:

14 February 2007
I realize what Pub 502 states related to this however, In Michigan (a No Fault insurance State)

if I am driving and involved in an accident my medical and my spouse and any dependents would be covered. If a non family member is in my car he/she would be covered by their own auto insurance(at least that's what my insurance agent has told me). I know that Michigan allows this as a deduction for computing Household Income for property tax credits so I'm thinking because of no-fault it may also apply to Sch A Medical

Glmpllc (talk|edits) said:

14 February 2007
This is very interesting. I've never considered it...only have a few each year who make the AGI limit.

Under Michigan no-fault (I'm reaching here, sinces it's been 19 years since I studied it) I believe that there is a priority in the payment of PIP benefits, generally it's your own insurer first, followed by the insurer of the owner of the car, followed by the insurer of the driver of the car, etc. I'm not sure what impact the "potentiality" of having one's insurer pay the benefits for another is.

I'm curious if anyone who has experience with Michigan takes this deduction.

Sw (talk|edits) said:

February 14, 2007
In Kentucky No fault pays for anyone in your vehicle first, then if a passage is the owner of a policy it would be second.

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