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A question re: SECURE Act 2.0

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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4 Replies

A question re: SECURE Act 2.0

What insurance premiums are you referring to?  Health, Life, Homeowner, Rental Property, Vehicle, etc.?

A question re: SECURE Act 2.0

Health insurance premiums.

A question re: SECURE Act 2.0

@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.

A question re: SECURE Act 2.0

Thank You... 

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