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.

mango516
New Member

Can I get a health care tax credit for paying cobra insurance

 
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.

2 Replies
MargaretL
Expert Alumni

Can I get a health care tax credit for paying cobra insurance

No, you cannot get a health care credit  (called Premium Tax Credit) for COBRA insurance.   You are only eligible for the Premium Tax Credit if you purchased health insurance through the Marketplace.

However, you can deduct COBRA payments you paid as your medical expenses.

For more information about these eligibility requirements see Eligibility for the Premium Tax Credit.

cw550
New Member

Can I get a health care tax credit for paying cobra insurance

Hi Margaret. I'm eligible for tax credits per my family size and income, but when I apply on Healthcare.gov, it says that because I have an offer of COBRA, we're ineligible for all credits. This, even though w/o the credits, COBRA and the marketplace plans are unaffordable.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question