Retirement tax questions

Yes, you can deduct medical insurance if you itemize and if the insurance was paid after tax (rather an pre tax), and the total expenses for you, your spouse, and your dependents exceed 10% of your adjusted gross income (7.5% if you're 65 or older as of December 31, 2016). The deduction is limited to the expenses above and beyond this amount.

See Deducting Medical, Dental, and Vision Expenses

To enter medical expenses:

  • Type in medical expenses, sch a the search box, top right of your screen, then click the magnifying glass

  • Click the medical expenses, sch a link in the search results


View solution in original post