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NY Life, Accident, And Health Insurance Agent Broker Exam
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Question Number 43
When can the premiums of an individually owned health insurance policy be deducted from the individual's income tax?
when the taxpayer's medical expenses exceed 7.5% of adjusted gross income during a taxable year
✔ Correct Answer:
when the taxpayer's medical expenses exceed 7.5% of adjusted gross income during a taxable year
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