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Level 2
posted Feb 6, 2025 9:17:00 AM

Insurance Premiums

Hello

Can I deduct the premiums that I pay for Dental, BC/BS and Prescription Insurance?

 

Thanks

0 2 1206
2 Replies
Employee Tax Expert
Feb 6, 2025 9:18:36 AM

Yes, those expenses are entered as Medical Expenses. 

 

Enter under

Deductions & Credits

Medical

Medical Expenses    START

 

The expenses will be reduced depending on your income

The deduction is only used if you itemize on Schedule A 

Level 2
Feb 9, 2025 8:35:22 AM

Thank you for the reply. Just wanted to be sure.