In December 2022, we pre-paid the January 2023 premium out-of-pocket for a health insurance plan through Covered California. Basically, the premium was $2,600 and the Federal & California financial assistance was $1,500 so we paid $1,100 for our portion of the January 2023 premium.
I understand that the Advanced Premium Tax Credit (APTC) was applied to lower our monthly bill.
Question: Can we deduct our portion of the premium that we paid ($1,100) for out-of-pocket in December 2022 on our CY2022 taxes? Would this be in TurboTax under Federal Taxes/Deductions & Credits/Medical insurance premiums or somewhere else?
