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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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?
posted
June 4, 20199:13 PM
last updated
June 04, 20199:13 PM
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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.
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