Most individuals who purchase their own insurance directly, whether through COBRA or not, cannot deduct the cost. ... The maximum deductibles in 2006 are $2, 700 and $5, 450, respectively. ... up to the deductible are excluded from taxable income for both income and payroll tax purposesajust as contributions to ESI are.
|Title||:||Taking a Checkup on the Nation's Health Care Tax Policy|
|Author||:||United States. Congress. Senate. Committee on Finance|