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