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Can i deduct medical insurance deducted from my paycheck?

 
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Phillip1
New Member

Can i deduct medical insurance deducted from my paycheck?

No.

Medical insurance deducted from an employee's paycheck is deducted before taxable income on your W-2. Deducting it as a medical expense would provide a double tax benefit.

See the following from IRS Publication 502:

Employer-Sponsored Health Insurance Plan

Don't include in your medical and dental expenses any insurance premiums paid by an employer-sponsored health insurance plan unless the premiums are included on your Form W-2, Wage and Tax Statement. Also, don't include any other medical and dental expenses paid by the plan unless the amount paid is included on your Form W-2.

Example.

You are a federal employee participating in the premium conversion plan of the Federal Employee Health Benefits (FEHB) program. Your share of the FEHB premium is paid by making a pre-tax reduction in your salary. Because you are an employee whose insurance premiums are paid with money that is never included in your gross income, you can't deduct the premiums paid with that money.

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1 Reply
Phillip1
New Member

Can i deduct medical insurance deducted from my paycheck?

No.

Medical insurance deducted from an employee's paycheck is deducted before taxable income on your W-2. Deducting it as a medical expense would provide a double tax benefit.

See the following from IRS Publication 502:

Employer-Sponsored Health Insurance Plan

Don't include in your medical and dental expenses any insurance premiums paid by an employer-sponsored health insurance plan unless the premiums are included on your Form W-2, Wage and Tax Statement. Also, don't include any other medical and dental expenses paid by the plan unless the amount paid is included on your Form W-2.

Example.

You are a federal employee participating in the premium conversion plan of the Federal Employee Health Benefits (FEHB) program. Your share of the FEHB premium is paid by making a pre-tax reduction in your salary. Because you are an employee whose insurance premiums are paid with money that is never included in your gross income, you can't deduct the premiums paid with that money.

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