2010 Wisconsin Tax Benefits For Medical Care Insurance

Certain persons may claim a subtraction on their 2010 Wisconsin income tax returns for the amount paid during the year for medical care insurance.

"Medical care insurance" means a medical care insurance policy that covers the person, his or her spouse, and dependents and that provides surgical, medical, hospital, major medical, or other health service coverage.

A subtraction may be claimed for all or a portion of the amount paid for medical care insurance by:

The chart below indicates the percentage of the amount paid for medical care insurance that may be allowed as a subtraction for 2010 and future years. See the Wisconsin income tax form instructions for further information.

MEDICAL CARE INSURANCE DEDUCTION
ALLOWABLE PERCENTAGE OF INSURANCE COST

Taxable
Year

Self-employed
person
No employer
and no
self/employment
income
Employee -
employer pays
no amount
toward
insurance
Employee -
employer pays
a portion of the
cost of
insurance
 2010
 100%
  66.7%
 100%
  10%
 2011
 100%
 100%
 100%
  25%
 2012
 100%
 100%
 100%
  45%
 2013
 100%
 100%
 100%
 100%

Last updated October 25, 2010