If you itemize deductions, you may claim out-of-pocket (after-tax) medical insurance premiums, including supplemental Medicare insurance premiums, as a medical expense. The deduction is limited to the amount of medical expenses that exceeds 7.5% of your adjusted gross income (AGI).
There is a screen in the medical expenses section of TurboTax just for insurance premiums. Note that you should not enter medical insurance premiums reported elsewhere, such as Medicare Part B, C, or D premiums reported on Form SSA-1099. (Click the screenshot below to enlarge it for reference.)
To enter out-of-pocket medical insurance premiums:
- Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
- Click Tax Tools (lower left side of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the I'm looking for: bar, type medical expenses.
- In the results box, highlight medical expenses, sch a, then click GO.
- Follow the onscreen instructions. Medical expenses are divided into numerous categories, so you will go through several screens before you get to the medical insurance premiums screen. (The categories are: prescription medications, medical professionals, medical facility fees, x-ray and lab work fees, long-term care services, eye care expenses, medical supplies and equipment, medical travel, insurance premiums, and other medical expenses.)
Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.
Can I deduct medical, dental, and vision expenses? https://ttlc.intuit.com/replies/3301457
Edited 02.25.2018 I 02:11PM PST]
