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Get your taxes done using TurboTax
Medical deductions do not begin to count toward your itemized deduction until they are more than 7.5% of your Adjusted Gross Income. Unless you have overwhelming medical bills or are itemizing for other deductions, such as mortgage interest or state and local taxes, insurance premiums do not usually impact your return.
In 2022 the standard deduction is $12,950 for single filers, $25,900 for joint filers or $19,400 for heads of household.
You would need to have itemized deductions of more than that to change your tax liability.
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‎February 13, 2023
9:09 AM