We have medical payments taken out of a pension my husband gets monthly deposits from. I don't see where I put them in. I know I have in prior years. Can anyone help?

[debr1]

750.00 is taken out of our monthly checks for healthcare. Where am I missing where to put it in. It's not on 1099R but on monthly statement.

[Vanessa A]

If you are itemizing your return, to enter your medical insurance premiums select the following: 

1. Federal
2. Deductions and Credits
3. Medical Expenses under Medical.
4. The box for Health Insurance is several questions in from when you hit start

Itemized expenses include mortgage interest, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.  Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.  

Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your insurance premium payments. 

The 2023 Standard Deductions are as follows:

• Married Filing Joint (MFJ)              $27,700
• Married Filing Separate (MFS)      $13,850
• Head of Household (HOH)             $20,800 
• Single                                                     $13,850                                

Blind and MFJ or MFS add $1,500

Single or HOH if blind add $1,850

Standard versus Itemized Deduction