Medical Insurance Premiums NJ

[Dom2]

First, I'm embarrassed to say I've spent a fair amount of time trying to determine whether my Medicare, Medicap,  Part D, dental and vision insurance premiums are tax deductible.  I am retired and did not receive social security payments in 2023 (but will sometime in the future).  I understand there are federal 7.5% and 2% NJ thresholds that would have to be satisfied first. 

Secondly, the only place I have found to possibly enter an amount is pictured below from the federal return.  Looking for confirmation or direction if this is the correct place to capture all or as many premiums that are deductible.  Note - If NJ allows premiums that federal does not I would have to assume there is a place on the NJ return to enter this information but I have not found it.

Thank you for your insights

[Vanessa A · Accepted solution]

Yes, your Medicare, Medigap, Part D, dental, and vision are all deductible as a medical deduction.  As you noted, the total combined with your other medical expenses are only deductible for the amount that is above the 7.5% threshold for federal and 2% for NJ.  

You can combine all of your premiums together and include them in the Medical Insurance Premiums box that you have highlighted. 

Yes, you are correct.  If there is something additional that NJ would allow that the federal does not allow, it will be covered in the NJ interview questions. 

[Dom2]

Thanks so much!!