My employer's offered healthcare costs are rising significantly so they have offered if we find a less expensive plan on the marketplace they will still cover 50% of the premium. The way they will do this is by paying it in our salary each month, but not listed as a reimburement, effectively increasing my taxable income. I don't itemize so I am wondering if it is still possible to deduct the healthcare premiums or if they would need to meet the unremibursed medical expenses threshold first?
You'll need to sign in or create an account to connect with an expert.
the premiums can only be deducted on Schedule A (assuming you itemize). And only the part that exceeds 10% (2019) of your AGI is eligible.
Also, please read this article
i don't itemize, is there anywhere to list the portion of this that would be a reimbursement so that i'm not taxed on it?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mjmoor60
New Member
wendydavis1973
New Member
donna2658
New Member
Valveran1
New Member
elva757
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.