in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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How can i deduct my 2022 insurance premiums pursuant to the SECURE Act 2.0 that I believe was signed into law on Dec 30th 2022?
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What insurance premiums are you referring to? Health, Life, Homeowner, Rental Property, Vehicle, etc.?
Health insurance premiums.
@mjnewt1 After you have completed entering your Form 1099-R there will several follow-up screens. On one of the screens you will be asked if you were a Public Safety Officer (PSO), answer Yes. Continue and there will be another screen how much you paid for health insurance, enter the amount paid but no more than $3,000.
On your Form 1040 Line 5a there will be a PSO entered. On line 5b your taxable retirement income will be reduced by the amount of health insurance premiums you entered.
Thank You...
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