Yes, your wife's health insurance premiums are deductible on your federal and state (Ohio) income taxes, but that deduction is subject to limitations.
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.
For additional information, see: Can I deduct medical, dental, and vision expenses?
