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My income last year was $52,700, my medical premiums were $4,313 should I have claimed this under medical expenses. Premiums were paid out of pocket after tax
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posted
June 3, 2019
11:40 AM
last updated
June 03, 2019
11:40 AM
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My income last year was $52,700, my medical premiums were $4,313 should I have claimed this under medical expenses. Premiums were paid out of pocket after tax
Total medical expenses must be more than 10% (7 1/2% if over 65) of your adjusted gross income before they will be included in the computation of your itemized deductions. If you have no other medical expenses, you would not qualify for a medical deduction based on the insurance premiums alone.
June 3, 2019
11:40 AM
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My income last year was $52,700, my medical premiums were $4,313 should I have claimed this under medical expenses. Premiums were paid out of pocket after tax
Total medical expenses must be more than 10% (7 1/2% if over 65) of your adjusted gross income before they will be included in the computation of your itemized deductions. If you have no other medical expenses, you would not qualify for a medical deduction based on the insurance premiums alone.
June 3, 2019
11:40 AM
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