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Medical or hmo premiums paid, is that from my insurance through work? where is that on my w2

 
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NicoleU
New Member

Medical or hmo premiums paid, is that from my insurance through work? where is that on my w2

It depends whether your health insurance premiums were paid using Pre-tax dollars or After-tax dollars.

Most premiums are paid with pre-tax dollars, which means they are deducted from your wages before taxes are applied. Deducting them again as a medical expense would be "double-dipping." Your employer would report the amount of the premiums in box 12 with the code DD.

However, if your health insurance premiums were deducted from your Net Pay (After taxes), then you may claim your health insurance premiums as a medical expense.


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1 Reply
NicoleU
New Member

Medical or hmo premiums paid, is that from my insurance through work? where is that on my w2

It depends whether your health insurance premiums were paid using Pre-tax dollars or After-tax dollars.

Most premiums are paid with pre-tax dollars, which means they are deducted from your wages before taxes are applied. Deducting them again as a medical expense would be "double-dipping." Your employer would report the amount of the premiums in box 12 with the code DD.

However, if your health insurance premiums were deducted from your Net Pay (After taxes), then you may claim your health insurance premiums as a medical expense.


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