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Deducting health insurance premiums.

I pay my insurance premiums each month. They are not deducted from a paycheck. Is my Tricare deductible?
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PaulaM
Employee Tax Expert

Deducting health insurance premiums.

Yes, if your premiums are paid for with after-tax dollars, then you may deduct as a medical expense on Schedule A. 

The total medical expenses will need to exceed 7.5 % of your AGI to receive a benefit. You can always enter your medical expenses and TurboTax will determine if you meet the thresholds. 

If the premiums are paid with pre-tax dollars, then no, they are not deductible.

[edited 1/27/18| 6:39 am PST]

See FAQ below.

https://ttlc.intuit.com/questions/2895189-what-kinds-of-medical-expenses-are-deductible

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2 Replies
PaulaM
Employee Tax Expert

Deducting health insurance premiums.

Yes, if your premiums are paid for with after-tax dollars, then you may deduct as a medical expense on Schedule A. 

The total medical expenses will need to exceed 7.5 % of your AGI to receive a benefit. You can always enter your medical expenses and TurboTax will determine if you meet the thresholds. 

If the premiums are paid with pre-tax dollars, then no, they are not deductible.

[edited 1/27/18| 6:39 am PST]

See FAQ below.

https://ttlc.intuit.com/questions/2895189-what-kinds-of-medical-expenses-are-deductible

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

Deducting health insurance premiums.

I insurance on my turbo tax,an my taxes are all mest up after we sent in so how do I collect on this one that was. Not my fault
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