Can I use my insurance premiums that I paid out of my retirement check even though it isn't listed in Box 5? It only states it at the bottom of "Copy C For Recipient's

[back566103]

my ending statement ends with "Records".

[DianeW777]

it depends.  If you paid health insurance premiums with 'after tax' dollars (included in your taxable retirement), then you can use those premiums as a medical expense for itemized deductions.  If you take the standard deduction then you would not use those medical insurance premiums on your federal tax return.

2023 Standard Deductions The 2023 standard deduction increases to: 

• $13,850 for single taxpayers and married taxpayers who file separate returns. 

• $27,700 for Married couples filing jointly 

• $20,800 for Heads of household

Taxpayers who are 65 and Older or are Blind

For 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:

• $1,850 for Single or Head of Household (increase of $100)
• $1,500 for married taxpayers or Qualifying Surviving Spouse (increase of $100)