Deductibility of ACA insurance premiums

[AP99]

There has been some confusing answers posted regarding the deductibility of ACA healthcare premiums. Some of the experts have said these are deductible on Schedule A, but TurboTax says not to enter the premiums in the health insurance section of the Schedule A medical expense deduction. TT says to enter them in Form 1095-A, which I have done, but this does not carry over to Schedule A. So I am still confused about whether they are deductible or not. The IRS publications that I've looked at do not make this clear one way or the other. I am not eligible for any premium credits for my ACA plan, so it seems like I should be able to deduct those as medical expenses.

[BillM223 · Accepted solution]

It is correct to enter the amounts on the 1095-A, and any deductible amounts will carry to Schedule A. These amounts are: (1) any health insurance premiums that you paid out of pocket, and (2) any premium tax credit that you had to pay back.

"but this does not carry over to Schedule A." - it does on my test returns. However, do you have a Schedule C on your return? In this case, the deductible part of the 8962 goes instead to the Self-employed Health Insurance Deduction on line 16 of Schedule 1 (1040), which is even better than going to Schedule A.

If you do not have a Schedule C, how do you know that the deductible part of the 8962 did not carry to Schedule A? There is a rather high floor for medical deductions, which means that unless you have other unreimbursed medical expenses, no medical deduction might appear on Schedule A.

[garylday]

I'm employed by a high school as a tennis coach, I get a W-2.  I also am self-employed as a tennis official, officiating college matches and NEC forms.  Can I claim ACA premiums I pay, not including the subsidy, since I'm self-employed for the officiating?  Thanks for you help.

[ThomasM125]

You can use the self-employed health insurance deduction provided you can't participate in an employer plan. Your deduction will be limited by the net income from self-employment and your premium tax credit factors into the deductible amount. You would also have to prorate the deduction for the amount of time you spent self-employed versus salaried employed.

[AP99]

Thank you. I see now in Forms how this carries over. I appreciate your help.