u00rzo1
New Member

Can i reduce my taxable pension by cost of the medical insurance being deducted from my paychecks?

my end of year pension "earnings statement" clearly shows gross earnings, federal taxes and insurance premiums. my net earnings are gross - taxes - insurance, and all numbers add up. However my 1099-r form shows same gross earnings in box 1 and 2a, federal taxes in box 4 and nothing (no insurance premium) in box 5. How can i get tax credit for cost of my insurance. As i see it my insurance is not paid with pre-tax money; cost of the insurance is deducted from the gross distribution.