Where in Turbo Premier do I enter Cobra healthcare costs and legal expenses

hschrickx — Mon, 03 Jun 2019 19:10:12 GMT

The tax code has suspended legal expenses as a Miscellane...

DoninGA — Mon, 03 Jun 2019 19:10:13 GMT

The tax code has suspended legal expenses as a Miscellaneous itemized deduction on Schedule A for tax years 2018 through 2025.

Cobra health care premiums paid with out of pocket funds are entered on Schedule A as an itemized medical expense.

However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2018

Single - $12,000 add $1,600 if age 65 or older
Married Filing Separately - $12,000 add $1,300 if age 65 or older
Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older
Head of Household - $18,000 add $1,600 if age 65 or older

To enter your medical expenses -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Medical
On Medical Expenses, click the start or update button

Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a

topic Where in Turbo Premier do I enter Cobra healthcare costs and legal expenses in Deductions & credits

Where in Turbo Premier do I enter Cobra healthcare costs and legal expenses

The tax code has suspended legal expenses as a Miscellane...