(Edited 12/31/19 @ 11:14AM EST)
Life insurance is not deductible. Cancer policies that pay a set amount like AFLAC are not deductible.
Prescription plans and medicare G are tax-deductible. If you have a cancer rider on your policy that gives you extra coverage to pay for cancer care, this would be deductible.
You will enter your premiums paid by clicking
- Federal
- Deductions and Credits
- Show More next to Medical
- Start next to Medical Expenses
- Walkthrough until you get to the section for medical insurance premiums
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