I know I pay monthly for my insurance but in my health insurance there is also an out-of-pocket and I actually reached it can I claim that on my taxes and if so where do

[PeterM · Accepted solution]

Yes, these payments are deductible.

They go on Schedule A as Itemized Medical deductions. Generally, you can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 10% of your adjusted gross income (however, if either you or your spouse was born before January 2, 1952, you can deduct the part of your medical and dental expenses that exceeds 7.5% of your adjusted gross income).

If your total itemized Deductions are less than the Standard Deduction, then you'll want to take the Standard Deduction. The IRS allows taxpayers the greater of either the standard deduction or the sum all their itemized deductions. So, always go with the larger of the two...

Here is the path in Turbo Tax Deluxe to get you started on the process of entering those expenses...

Federal Taxes>Deductions & Credits>I'll Choose What I work On (this may/may not be an option which is okay)>Medical Expenses

I've included some screenshots to guided you as well.