Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
thechicagoblackh
New Member

I had two employers in 2020 and both paid a portion of my health insurance. I paid the balance. Can I deduct my portion under Wisconsin state taxes?

 
2 Replies
DanPaul02
Level 7

I had two employers in 2020 and both paid a portion of my health insurance. I paid the balance. Can I deduct my portion under Wisconsin state taxes?

Yes, you can deduct the medical insurance premiums that you paid out of pocket.  You will enter them under Medical on your federal return.  They will carry over to the state return so that you can get any state credit applied to your Wisconsin return.

Opus 17
Level 15

I had two employers in 2020 and both paid a portion of my health insurance. I paid the balance. Can I deduct my portion under Wisconsin state taxes?


@DanPaul02 wrote:

Yes, you can deduct the medical insurance premiums that you paid out of pocket.  You will enter them under Medical on your federal return.  They will carry over to the state return so that you can get any state credit applied to your Wisconsin return.


In most cases, your share of the premium is deducted from your paycheck on a pre-tax basis.  Since it is already tax-free, it cannot also be used as a tax deduction. 

 

It would be very unusual for your employer to deduct premiums after-tax.  You may need to check with your employers if you aren't sure. 

 

If you paid for COBRA insurance out of pocket, or other private insurance out of pocket while you were between employers, that is an allowable tax deduction. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v