turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why am I not able to input my medical expenses?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
IreneS
Intuit Alumni

Why am I not able to input my medical expenses?

Your medical expenses are reported on Schedule A of the 1040.  Since you are self-employed you can deduct your health insurance premiums on your business return.

 

 

Please keep in mind the following about deducting your medical expenses, including health insurance:

  • You don't get the benefit if you are taking the standard deduction.
  • If you itemize deductions, you will only be able to take total medical expenses that are greater than 7.5% of your adjusted gross income

 

NOTE:   If you are receiving Social Security benefits, TurboTax automatically transfers the premiums paid for Medicare Part B to your Schedule A.  You do not need to enter these amounts again.  Just include the premiums for the supplement policy (United of Omaha).

 

To enter your medical expenses, please follow these steps:

  1. Click on Taxes > Deductions & Credits 
  2. In the Medical section, click on the Start/Revisit box next to Medical Expenses.  
  3. If you haven't yet entered any medical expenses, TurboTax will ask you if your total medical expenses exceed a certain number.  [That's the 7.5% AGI mentioned above.]     
  4. If you think your total medical expenses will exceed that number, click the blue Yes box and continue through the interview, entering the requested information on your medical expenses.

 

 

You can deduct health insurance premiums on your Schedule C.  [You can deduct up to 100% of the premiums for you, your spouse, and your dependents if your work shows a net profit of at least the amount of the premiums.]

 

  1. In your return click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. On the Your 2019 self-employed work summary screen, click on Edit next to your business.  
  3. On the Here's your [business] info screen, click on the box Add expenses for this work.  
  4. On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Health insurance premiums and click Continue at the bottom of the screen.    
  5. Enter the amount and description on the next page.  If you need more than one entry, click on Add another row.  

 

[Edited | 3/18/2020 |  1:07 pm PDT]




**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
IreneS
Intuit Alumni

Why am I not able to input my medical expenses?

Your medical expenses are reported on Schedule A of the 1040.  Since you are self-employed you can deduct your health insurance premiums on your business return.

 

 

Please keep in mind the following about deducting your medical expenses, including health insurance:

  • You don't get the benefit if you are taking the standard deduction.
  • If you itemize deductions, you will only be able to take total medical expenses that are greater than 7.5% of your adjusted gross income

 

NOTE:   If you are receiving Social Security benefits, TurboTax automatically transfers the premiums paid for Medicare Part B to your Schedule A.  You do not need to enter these amounts again.  Just include the premiums for the supplement policy (United of Omaha).

 

To enter your medical expenses, please follow these steps:

  1. Click on Taxes > Deductions & Credits 
  2. In the Medical section, click on the Start/Revisit box next to Medical Expenses.  
  3. If you haven't yet entered any medical expenses, TurboTax will ask you if your total medical expenses exceed a certain number.  [That's the 7.5% AGI mentioned above.]     
  4. If you think your total medical expenses will exceed that number, click the blue Yes box and continue through the interview, entering the requested information on your medical expenses.

 

 

You can deduct health insurance premiums on your Schedule C.  [You can deduct up to 100% of the premiums for you, your spouse, and your dependents if your work shows a net profit of at least the amount of the premiums.]

 

  1. In your return click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. On the Your 2019 self-employed work summary screen, click on Edit next to your business.  
  3. On the Here's your [business] info screen, click on the box Add expenses for this work.  
  4. On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Health insurance premiums and click Continue at the bottom of the screen.    
  5. Enter the amount and description on the next page.  If you need more than one entry, click on Add another row.  

 

[Edited | 3/18/2020 |  1:07 pm PDT]




**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies