You'll need to sign in or create an account to connect with an expert.
To deduct the medical portion of your Michigan auto insurance premium, please follow the instructions below:
Please see the picture below for additional guidance.
Answer was perfect and the directions worked fine. Thanks.
Thorough, simple, clear-cut guidance.
I understand how to fill out the form. I just need to know if I am allowed to submit the four figures I listed (as listed on my policy), considering I opted out of additional medical coverage on my Auto Insurance because I have Medicare. The figures I mentioned seem like medical coverage, but I am not sure if IRS considers them so.
Enter any medical insurance premiums you paid that were not part of your Michigan auto policy in the Federal section of your return under Deductions & Credits, Medical.
The four other figures you mention in your post don't appear in this discussion thread.
If you enter the amounts you paid for medical insurance in the Federal section under Deductions and Credits, the amount should carry over to the Total Household Resources worksheet on your Michigan state return. Or, you can make these entries in the state interview section of the program to ensure they are applied to the MI Homestead Property Tax Credit calculation.
Michigan's homestead property tax credit is how the State of Michigan can help you pay some of your property taxes if you are a qualified Michigan homeowner or renter and meet the requirements. You should complete the Michigan Homestead Property Tax Credit Claim MI-1040CR to see if you qualify for the credit.
The credit, for most people, is based on a comparison between property taxes and total household resources. Homeowners pay property taxes directly and renters pay them indirectly with their rent.
See this Michigan webpage for more information about the types of insurance to include in the calculation for the Homestead Property Tax Credit.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
AndrewA87
Level 4
tina232910
New Member
JTM_56
New Member
Santanakl
Returning Member
erichlessing45
New Member