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peanut1517-
New Member

Can i deduct insurance premiums deducted from my retirement check

 
1 Reply
Kat
Level 15
Level 15

Can i deduct insurance premiums deducted from my retirement check

You can deduct unreimbursed qualified medical expenses, including medical and dental insurance premiums.  

But here's the deal about deducting medical expenses:  Only the amount of your medical deductions that EXCEED 10% of your AGI for the year (7.5% if you're 65 or older, for a little longer) are deductible.  So you'll need significant medical expenses to reap any benefit from this deduction.  You must also itemize your deductions on Schedule A.  See more info below.

 https://ttlc.intuit.com/replies/4774888

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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