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Returning Member
posted Jul 29, 2018 11:50:08 AM

Healthcare Credit Rejected

In our 2017 federal filing i enter our healthcare premiums as a tax credit, that are deducted from my wife's month;y retirement checks but we do pay for it.  The IRS rejected this, if I was wrong so be it but should I have enter this in another area of the return?  If so how should I submit the correction via a 1040 amendment?

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1 Replies
Level 15
Aug 19, 2018 2:34:15 PM

Until the total of all healthcare costs (including insurance premiums) exceeds 10% of your AGI and the total of all itemized deductions exceed your standard deduction, such itemized deductions do not help or make any difference in your tax liability.