Deductions & credits
Yes, you can deduct short term/recovery care insurance policy premiums that would cover home or facility based care.
These would be entered in the Medical Expenses interview of Deductions and Credit (see attached screen shot). Just include these STC premiums with other medical insurance premiums in the first box
To deduct unreimbursed, out-of-pocket medical, dental, and vision costs on your federal return:
- You must take the itemized deduction;
- The expenses for you, your jointly-filing spouse, and your dependent(s) must exceed 7.5% of your AGI (adjusted gross income); and
- Only the portion above and beyond 7.5% of your AGI is deductible.
