Medical Premium Deductions

[VolvoGirl]

What is your question?   You can deduct it if you have enough Medical to deduct and if you have enough total deductions to itemize. If you get Social Security just enter it from the SSA-1099 nowhere else. If you pay for it separately you can enter it under

Go to Federal
Deductions and Credits
Scroll down to Medical – Medical Expenses

To enter Medical expenses just start typing Medical in the search box at the top of your return and pick "medical expenses, sch a" from the drop down list. Then click on Jump To at the top of the list.

OR
Enter Medical under
Federal Taxes Tab or Personal (for H&B)
Deductions and Credits
Then scroll way down to Medical
Then Medical Expenses - click Start or Update

You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI. So it might take a lot to be worth entering. And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction). And since the Standard Deduction is increased more people will not need to Itemize.

[xmasbaby0]

You have not asked a question.   This is not live chat---we need a complete question.    If we have to guess--perhaps you want to know if you can use the out of pocket amounts you pay for health insurance premiums as an itemized deduction?

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2024—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)