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northernprouts
Returning Member

In 2018 I worked till March 1st & retired. My company Medical lasted till May then we bought Medical insurances for the 2 of us. How do we expense this medical coverage?

 
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Leonard
Intuit Alumni

In 2018 I worked till March 1st & retired. My company Medical lasted till May then we bought Medical insurances for the 2 of us. How do we expense this medical coverage?

You can deduct qualified medical insurance and medical expenses that exceed 7.5% of your adjusted gross subject to AGI limitations on Schedule A if you itemize your deductions.  If you take the standard deduction then you can not deduct your medical expenses.

The link below has information that you may find useful.


https://turbotax.intuit.com/tax-tips/health-care/can-i-claim-medical-expenses-on-my-taxes/L1htkVqq9

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