We have paid premiums for Catastrophic Health Care. Are these premiums tax-deductible?
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Yes, the premiums (if paid for with after-tax dollars) are deductible as an itemized expense on schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income. Enter amounts under the Medical section.
If you are self-employed, enter the premiums under the business expenses.
Yes, the premiums (if paid for with after-tax dollars) are deductible as an itemized expense on schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income. Enter amounts under the Medical section.
If you are self-employed, enter the premiums under the business expenses.
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