2023 SECURES ACT 2.0 LEO deduction for $3000.00

[BillM223]

Sorry, I meant line 5 on the 1040.

So you do have a taxable pension amount. And you entered the health insurance deduction amount in the 1099-R interview? What do you see on lines 5a and 5b on your 1040?

[user17519482280]

If your Public Safety Officer disability retirement is like mine, once you reach age 65, your disability pension will convert to a regular taxable retirement pension.  If that's so,  you can then use the $3K deduction if you, a spouse, or dependent  have health insurance premiums (even for Medicare or Medicaid)  as long as the amount of your deduction does not exceed the pension amount paid to you from your employer at time of disability retirement. As of 2023 you can make the premium payment yourself.  They do not need to be directly submitted by your original employer.  Just make sure you consult with your tax advisor for how to properly report and claim that on your 1099-R or Joint 1099.  Best wishes! -Steve