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Deductions & credits
Unfortunately, you cannot get a refund.
You can elect to report the COBRA payments as a medical expense and potentially get a deduction if you are able to Itemize your deductions.
Medical expenses are deductible if they exceed 10% of your Adjusted Gross Income (AGI).
You can enter these medical deductions by going to the Federal Section.
- Select "Deductions & Credits"
- Select "Medical"
- Proceed to enter your medical expenses including the premiums you paid with COBRA for medical insurance.
Flexible Spending Accounts (FSA)s are usually pretax dollar contributions and therefore do not receive any sort of deduction for any medical expenses paid out of them.
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‎January 22, 2020
12:20 PM
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