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Since you are paying for your dental and vision coverage with pre-tax dollars, you cannot claim the costs as deductible medical expenses.
"Pre-tax" means your employer paid the premiums with money you earned, but didn't have to pay income tax on - those earnings were not included in Box 1 (Wages) of your W-2.
Allowing you to deduct the costs from your taxable income, when the money used was never included in your taxable income would be a "double - benefit", not allowed by the IRS.
Since you are paying for your dental and vision coverage with pre-tax dollars, you cannot claim the costs as deductible medical expenses.
"Pre-tax" means your employer paid the premiums with money you earned, but didn't have to pay income tax on - those earnings were not included in Box 1 (Wages) of your W-2.
Allowing you to deduct the costs from your taxable income, when the money used was never included in your taxable income would be a "double - benefit", not allowed by the IRS.
Does this mean this amount (K) needs to be added as income on the form 1040?
No, the amount is only a reporting number for you pre-taxed medical and dental expenses during the year. It will not be used when calculating your taxable income.
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