Are premiums paid for Catastrophic Health Care deductible?

revsgreco · ‎June 6, 2019

We have paid premiums for Catastrophic Health Care. Are these premiums tax-deductible?

PaulaM · ‎June 6, 2019

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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PaulaM · ‎June 6, 2019

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Are premiums paid for Catastrophic Health Care deductible?