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Deductions & credits
According to Prepaid Insurance Premiums in IRS Publication 502, Medical and Dental Expenses:
Premiums you pay before you are age 65 for insurance for medical care for yourself, your spouse, or your dependents after you reach age 65 are medical care expenses in the year paid if they are:
- Payable in equal yearly installments or more often; and
- Payable for at least 10 years, or until you reach age 65 (but not for less than 5 years).
[Emphasis mine.]
Any insurance premiums that are deductible would be entered as medical expenses on Schedule A.
Please see the TurboTax Help article “Where do I enter my medical expenses?” for entry guidance.
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March 3, 2020
10:01 AM
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