Can a non-resident take the deduction for health insurance premiums on their non-resident Iowa tax return? Yes.
Robert Flach at his "The Tax Professional" blog asks the following question regarding Affordable Care Act penalties assessed on tax returns against people who do not carry health insurance: What is our legal responsibility as tax preparers when it comes to calculating the new convoluted and potentially expensive Obamacare penalty for clients who are not covered [...]
It's a holiday week, so I'm re-publishing popular blog posts from the past. This is a popular story about the deduction available on Iowa tax returns for after-tax insurance premiums. ----- Originally published March 28, 2012 One overlooked deduction on Iowa tax returns is the deduction on Line 18 of the Iowa 1040, for health insurance [...]