do you have to pay taxes on medical insurance in the state of Washington
In the US, Medical Insurance Premiums deducted from your paycheck is not taxed by Federal, State, or Social Security taxes so these amounts would excluded for the purpose figuring tax withholdings. Is this close to what you are looking for?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
Can I add my monthly health insurance payment from my employer to my medical deductions, such as medications prescribed, office visits, etc..
You do not generally have to pay taxes on an insurance settlement claim. You can check with your tax firm or accountant for the rules specific to your state.
BASICS
The government or public ( as taxes), hospitals, medical and hospital insurance companies, and patients.
All in all Washington including all taxes that they collect is the highest taxed state in the union. one penny
If you are talking about state income taxes, Washington does not have a state income tax so there would be no state income tax on the retirement income for Washington residents. Generally, there would be Federal tax though.
No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.
If the owner of the policy is not a business, you would not have to pay taxes on a life insurance benefit payout. You should consult with a tax professional in your state for more details.
Washington DC is actually not in a state at all. It is an individual district known as the District of Columbia. The land, taxes and local government structure are done as if it is a state. However it does not qualify as a state.
Yes,, You can't buy it without paying the required Taxes.