3174569
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Retired public safety officers can deduct up to $3,000 for payments for premiums for health insurance ( IRS publication 575 page 7). How?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Retired public safety officers can deduct up to $3,000 for payments for premiums for health insurance ( IRS publication 575 page 7). How?

After you enter your Form 1099-R in the Retirement Plans and Social Security section in TurboTax, you will be asked if you were employed as a public safety officer. When you answer yes, you will see two more screens where you can indicate that the pension administrator paid health insurance for you and you can enter the amount they paid. Up to $3,000 of the insurance premiums will be excluded from your taxable pension income.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
ThomasM125
Expert Alumni

Retired public safety officers can deduct up to $3,000 for payments for premiums for health insurance ( IRS publication 575 page 7). How?

After you enter your Form 1099-R in the Retirement Plans and Social Security section in TurboTax, you will be asked if you were employed as a public safety officer. When you answer yes, you will see two more screens where you can indicate that the pension administrator paid health insurance for you and you can enter the amount they paid. Up to $3,000 of the insurance premiums will be excluded from your taxable pension income.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Retired public safety officers can deduct up to $3,000 for payments for premiums for health insurance ( IRS publication 575 page 7). How?

Thanks very much for your quick reply. This will help greatly.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question