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Malin is a married taxpayer and has three dependent children. Malin s employer offers health insurance for employees, and Malin takes advantage of the benefit
Malin is a married taxpayer and has three dependent children. Malins employer offers health insurance for employees, and Malin takes advantage of the benefit for her entire family her spouses employer also offers health insurance, but they opt out During the year, Malin paid $ toward her familys health insurance premiums through payroll deductions while the employer paid the remaining $ Malins family visited health care professionals numerous times during the year and made total copayments toward medical services of $ Malins daughter had knee surgery due to a soccer injury and the insurance company paid the hospital $ directly and reimbursed Malin $ for her outofpocket health care expenses related to the surgery.
How much gross income should Malin recognize related to her health insurance?
Why?
Taxpayers
the total amount received for payment or reimbursement of medical expenses. Premiums for health insurance paid by the taxpayer's employer are
the taxpayer's gross income.
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