2961895
When preparing our Virgina return, TT asks me to allocate medical premiums between spouses but does not provide an input box to type this information. The outcome is that 100% of our joint insurance premiums are allocated to the one spouse who is over 65 and has less than $30,000 AGI. Shouldn't TT only allow a deduction of the premiums for only that spouse? The other spouse had AGI above the threshold for deductibility.
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I believe you may be referring to a deduction for long-term health care premiums, rather than medical premiums.
In Virginia you can claim, as a deduction from income, premiums paid for long-term health care insurance, as long as you didn't claim a deduction for these premiums on your federal return.
According to Long-Term Health Care Premiums in the Resident Individual Income Tax Return Instructions:
The Virginia deduction for long-term health care insurance premiums is completely disallowed if you claimed a federal income tax deduction of any amount for long-term health care insurance premiums paid during the taxable year.
If this isn't what you're referring to, please post back. Some helpful information you might be able to provide would be:
I am familiar with the deduction for long-term care premiums (Code 106). The question I posed relates to another lesser known utilized deduction Prepaid Funeral, Medical or Dental Insurance Premiums (Code 114). I overrode the inputs on the forms to get it to allocate the premiums between taxpayer & spouse. Now that I have overridden it, the input block in the step-by-step reflects the correct amount and is editable. So, problem solved.
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