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Deductions & credits
@jjocjjoc wrote:
I wanted to confirm similar question - I pay ~$1500 month for medical insurance through a RETIREE company plan. This is obviously after tax since not working any more. Are these premiums allowed to be included in Sch A itemized deductions, subject to 7.5% floor? Thank you!
Yes, those premiums paid would be an itemized medical deduction on Schedule A subject to total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) that can be deducted
March 17, 2025
10:27 AM
352 Views