topic Health Insurance in Deductions & credits

Health Insurance

nmaggie — Wed, 15 Apr 2020 22:56:29 GMT

I live in CA. I paid for my health insurance direct to the insurance company. Where do I enter this amount?

Re: Health Insurance

nmaggie — Wed, 15 Apr 2020 23:15:21 GMT

Clarification. I received a 1095-B since we paid direct, but I am only asked if I received 1095-A. Where would I enter the information for the 1095-B?

Re: Health Insurance

KarenM90 — Wed, 15 Apr 2020 23:27:46 GMT

If you are not self employed, your insurance and medical expenses can be entered in the Medical section under Deductions & Credits.

Please be aware however, that only the portion of medical expenses that exceeds 7.5% of your adjusted gross income is deductible, and then only if you are able to itemize your deductions. If you take the standard deduction, they will not be deductible.

If you are self employed, your premiums will be entered under expenses in the Self Employment Section.

Form 1095-B does not need to be entered. 1095-A is entered in the Medical Section under Deductions & Credits.