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fidhleir
New Member

I'm retired. can I deduct health insurance premiums?

I am not getting an ACA discount.
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2 Replies
WillK
Intuit Alumni

I'm retired. can I deduct health insurance premiums?

You can deduct your health insurance premiums on your return if you paid for the premiums with after tax dollars. Medical expenses are an itemized deduction on Schedule A and are deductible to the extent they exceed 10% of your adjusted gross income (AGI).  Please click here for more information: https://www.irs.gov/taxtopics/tc502.html

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I'm retired. can I deduct health insurance premiums?

If you are 65 or over, they are deductible to the extent they exceed 7.5%, not 10% of your AGI.
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