Solved: My employer reimbursed me for my medical premiums. These funds are included in box 1 on my W-2. Is this taxable income? Can I deduct this cost?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

My employer reimbursed me for my medical premiums. These funds are included in box 1 on my W-2. Is this taxable income? Can I deduct this cost?

 
1 Best answer

Accepted Solutions
New Member

My employer reimbursed me for my medical premiums. These funds are included in box 1 on my W-2. Is this taxable income? Can I deduct this cost?

[Edited 1/19/2016] If your employer included the reimbursement in box 1, then the amount is taxable. If you itemize, you  may deduct the cost of your health insurance if you are filing Schedule A and your total health costs, including insurance, exceed 10% of your Adjusted Gross Income. 

For more information, see below.

https://ttlc.intuit.com/replies/3300166

View solution in original post

2 Replies
New Member

My employer reimbursed me for my medical premiums. These funds are included in box 1 on my W-2. Is this taxable income? Can I deduct this cost?

[Edited 1/19/2016] If your employer included the reimbursement in box 1, then the amount is taxable. If you itemize, you  may deduct the cost of your health insurance if you are filing Schedule A and your total health costs, including insurance, exceed 10% of your Adjusted Gross Income. 

For more information, see below.

https://ttlc.intuit.com/replies/3300166

View solution in original post

New Member

My employer reimbursed me for my medical premiums. These funds are included in box 1 on my W-2. Is this taxable income? Can I deduct this cost?

Note that the answer has been edited.
Dynamic Ads
v
Privacy Settings