Answer:

The taxpayer’s itemized deduction for insurance premiums refers to premiums which were paid for personal insurance (including life insurance, health insurance, accident insurance, and stipend insurance), labor insurance, employment insurance, national pension insurance, farmer insurance, student insurance, national health insurance, and insurance for military personnel, public servants, and teachers of the taxpayer, his/her spouse and lineal dependents.

Both the insured and the applicant shall file the return jointly (National Health Insurance is excluded), and the deduction is NT$24,000 for each insured per year. (If it is under NT$24,000, an insured person may claim the actual amount only, but there is no limitation for National Health Insurance payments.) The taxpayer needs to provide receipts of premium payments, original certificates of premiums paid, or, in the case that one’s insurance is paid through an organization or enterprise (burden shared by employees), the certificate issued by such entity which the taxpayer served, or both the receipt and a photocopy of the insurance policy issued by a foreign insurer. If the premium was paid for family insurance, the taxpayer needs to present a photocopy of the insurance contract for proof.