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#1
06-22-2003, 01:43 PM
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Health coverage tax credit (Federal)What is the name of your state? California My pension plan will be taken over by the PBGC in Sept. (Bethlehem Steel) , in my filling papers there is brochure on the new fed. tax credit for health insurance for people like me. I pay out of my own pocket $275 a month for health ins. taken out of my state pers benefit for another pension that I get from another employer. My question is would I eligible for the 65% federal tax credit or rebate? TIA, Bucksp |
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#2
06-22-2003, 05:24 PM
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| You may be eligible. Contact the pension administrator and request a Form 8887 (stating that you lost your job due to a free trade agreemnet). Once you have it, you can file Form 8885 & claim the credit. You'll need to amend your tax return (Form 1040X).
__________________ This post does not constitute legal advice, nor does it create an attorney-client relationship. Postings are based only on the information provided and you should consult an attorney in your area before relying on information contained in this post. |
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