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sjz
Level 1

Health Insurance premium deduction for 2021 tax year

I got married in 2021.  I work part-time but did not have access to medical coverage through my employer.  We found out I was eligible to be added to my retired husband's Steelworkers Health and Welfare Fund insurance plan.  We pay a monthly premium for the coverage.  Are these premiums tax deductible?  

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2 Replies
AamilD
Expert Alumni

Health Insurance premium deduction for 2021 tax year

Health care insurance premiums and other medical expenses that you paid with out of pocket funds are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

Standard deductions for 2021

  • Single - $12,550 add $1,700 if age 65 or older
  • Married Filing Separately - $12,550 add $1,700 if age 65 or older
  • Married Filing Jointly - $25,100 add $1,350 for each spouse age 65 or older
  • Head of Household - $18,800 add $1,700 if age 65 or older

To enter your medical expenses -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Medical
  • On Medical Expenses, click the start or update button

Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a

sjz
Level 1

Health Insurance premium deduction for 2021 tax year

Thank you for answering that question for me.  That's kind of what I had thought but figured I'd check first.

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