AnnetteB6
Expert Alumni

Deductions & credits

The health insurance premium is the amount that you pay for your health insurance.  If you are paying for your health insurance through your job, then you should be able to see the amount that is deducted from each paycheck on your check stub.  

 

Generally, when health insurance premiums are paid through payroll deductions, that money comes out of your paycheck pre-tax.  This means that you will not pay income tax on the money used to pay for your health insurance.  That also means that you cannot enter the amount into your tax return as a deduction because it was not taxed initially.  

 

 

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