- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Wisconsin subtraction for medical insurance premiums
Wisconsin allows you to subtract medical premiums paid with after tax income even if you do not itemize deductions and claim the standard deduction. https://www.revenue.wi.gov/Pages/FAQS/pcs-medins.aspx#:~:text=The%20subtraction%20is%20only%20allowe... When I enter this premium information in the Wisconsin subtraction from income section of Turbotax it does not correctly transfer this to form SB and in my case I miss out on a $500 reduction in Wisconsin taxes. This has been a problem with Turbotax for many years and there are multiple posts about this problem. It has not been fixed. I realize you can only deduct expenses for all forms of medical care if it exceeds 7.5 of your income but this unique subtraction only for after tax premiums is a different issue. I wish Turbotax with fix this.