Indicate whether each of the items listed below would be (a) included in gross income or (b) excluded from gross income for the 2019 tax year.
-Reimbursement of hospital expenses from a health insurance plan
A)Included
B)Excluded

Question

Quizplus · Accepted Answer

Reimbursements of hospital expenses from a health insurance plan are excluded from gross income. This is because they are considered to be a return of the taxpayer's own investment in the insurance policy and not new income.

Indicate Whether Each of the Items Listed Below Would Be