Additional medical insurance premiums

Forum|Forum|7 years ago
March 25, 2019
1 reply
0 views

Hi, I am using Turbo Tax (and have used it for years!) and have a question about functionality. In the Federal Tax section, Deduction & Credits, Medical - there is a screen that says, "How much did you spend on insurance premiums?". One option is "Additional medical insurance premiums" and Turbo Tax has it grayed out and won't let me input any data. WHY??? Shouldn't I be able to add the cost of supplemental insurance there? Thanks!

Deductions

philgold

Level 2

where do I enter additional medical insurance premiums

DawnC

Level 15

Medical, dental, and vision expenses are reported on Schedule A and entered in the Deductions & Credits section.

With your return open, search for Schedule A and then select the Jump to link in the search results.
Answer YES to the ''Did you spend more than $XXX on medical costs?'' question. You can't get to the premiums screen if you answer no.
Click through the screens and enter your expenses for RXs, Doctors, Facilities, Lab fees, Long-Term Care, Vision, and Supplies - they each have their own entry screen.
Enter Travel expense on the next screen, hit Continue.
Premiums are entered on this screen. You can combine all of your medical premiums you paid except for expenses you reported on another form or Long-Term Care Premiums. Those go on the line under Premiums, as they are limited based on your age.

To deduct unreimbursed, out-of-pocket medical, dental, and vision costs on your federal return:

You must take the itemized deduction;
The expenses for you, your jointly-filing spouse, and your dependent(s) must exceed 7.5% of your AGI (adjusted gross income); and
Only the portion above and beyond 7.5% of your AGI is deductible.