◎ Immediate family premium, and the proposer must be insured before deductions are reported in the same household comprehensive income tax return.
Treasury Southern District Chaozhou IRS tax collection represented, the provisions of Article 17 of the Income Tax Act, taxpayers who include mining deduction, their spouses or dependents of immediate family members of the life insurance, labor insurance, national pension insurance and the military, public , teach insurance premiums, the deductible amount per person per year does not exceed $ 24,000 limit. But universal health insurance premiums, as described by the taxpayer, spouse or dependent relatives contributors, the amount was not limited and may be deducted in full.
The Institute pointed out that China is the consolidated income households as reporting units, therefore, the taxpayer presentation dependent relatives insurance expenses, the insurer and the proposer must be declared in the same household, but is subject to the taxpayer or spouse dependents and immediate family members can only be declared if a brother or sister or other non-immediate family insurance expenses can not be deducted presentation. For example, A, B two brothers, armor and life insurance to help his mother pay the premiums, the mother of acetic declare dependents, although the premium paid by the armor, but the proposer (A) and the insured (the mother) is not the same declaration households, so a can not presentation insurance expenditure mother, although acetic declare dependent mother, but the mother is the premium paid by the a, B it is also not deductible sum premium. Further, the term "life insurance" includes life insurance, health insurance, accident insurance and pension insurance.