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UPDATED FOR TAX YEAR 2019
Yes and No.
Medical Expenses
Yes to the medical expenses, but only if you are itemizing deductions (and not taking the standard deduction).
Please keep in mind the following about deducting your medical expenses, including health insurance:
To enter your medical expenses in TurboTax, please follow these steps:
401k Contributions
No. If the 401k contributions were taken from your paycheck, do not enter them separately in TurboTax. The contributions are already subtracted from your taxable income (box 1). The deduction amount should appear in box 12 of your W-2 with a code D.
[Edited | 4/9/2020 | 11:23am PDT]
UPDATED FOR TAX YEAR 2019
Yes and No.
Medical Expenses
Yes to the medical expenses, but only if you are itemizing deductions (and not taking the standard deduction).
Please keep in mind the following about deducting your medical expenses, including health insurance:
To enter your medical expenses in TurboTax, please follow these steps:
401k Contributions
No. If the 401k contributions were taken from your paycheck, do not enter them separately in TurboTax. The contributions are already subtracted from your taxable income (box 1). The deduction amount should appear in box 12 of your W-2 with a code D.
[Edited | 4/9/2020 | 11:23am PDT]
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