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posted Jun 6, 2019 9:49:47 AM

Are premiums paid for Catastrophic Health Care deductible?

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

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1 Best answer
Employee Tax Expert
Jun 6, 2019 9:49:48 AM

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.

1 Replies
Employee Tax Expert
Jun 6, 2019 9:49:48 AM

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.