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Get your taxes done using TurboTax
Hi tc2961,
Yes, all health insurance premiums you pay that are reported on an annual Form 1095-A are considered a medical cost or deduction. If you additionally wish to use it as a Medical Expense for Itemized Deductions purposes (as long as all your medical related costs exceed 7.50% of your Adjusted Gross Income), you can assess if the total amount in excess of the 7.50% allows you to claim that deduction, or it could be alternately more beneficial to claim it as a Self-Employed Health Insurance Deduction to reduce your Total Income, only if you are self-employed.
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‎October 25, 2023
3:10 PM
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