Beginning in March of 2023, I started doing contract work and did not have access to company healthcare any more. To complicate matters, I do not have a have estimate of how much I make each year because it fluctuates dramatically depending on the amount of work I am able to find. I went through the ACA marketplace and we determined an estimated amount that I knew I would earn and paid reduced premiums accordingly. At the end of the year, I did my taxes and it was determined that the amount I made did not entitle me to any healthcare offsets so the difference of what I paid versus what I should have paid was trued up and deducted from my return. In essence I paid the monthly premiums in full so shouldn't the premiums be deductible since they were taken from my return? I've never had this kind of insurance so I am unsure of what should take place but it seems it would be no different than me paying the entire month upfront instead of via my refund. Also, how are medical deductions calculated to see if they are deductible or not? Is it based on a percentage of AGI or gross income and what is the percentage? Thanks in advance
