Can I claim what I paid for medical insurance. If I can where does it go

[MinhT · Accepted solution]

f you are an employee you can claim medical insurance premiums that you have paid under Medical and Dental expenses as an itemized deduction in Schedule A. Medical and dental expenses are subject to the 10% (or 7.5% if you are 65 or over) rule and you can only claim the excess over 10% (or 7.5%) of your AGI.

Please note that Itemized Deductions will only "help" when they total more than than your standard deduction.

For 2016, standard deductions are:

For a taxpayer under 65, not claimed as a dependent

$6,300 for Single

$12,600 for Married Filing Jointly, or Qualifying Widow(er) with dependent child

$9,300 for Head of Household

$6,300 for Married Filing Separately

If you are over 65 or blind, add $1,250 for each instance or add

$1,550 each instance if single and not a surviving spouse