The premiums for medical insurance paid by you can be deducted as a medical expense deduction on your federal tax return. The amount that can be deducted is the amount in excess of 7.5% of your Adjusted Gross Income. You may get a tax benefit if the total of all your itemized deductions exceed the standard deduction for your filing status. Since standard deductions were increases substantially starting with tax year 2018, fewer people have enough itemized deductions to get any benefit from them.
Here are the standard deduction amounts:
Single - $12,200 add $1,600 if age 65 or older
Married Filing Separately - $12,200 add $1,600 if age 65 or older
Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
Head of Household - $18,350 add $1,600 if age 65 or older
