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I pay health insurance out of my pay. Can I deduct that.

Can I deduct health insurance cost that I pay
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I pay health insurance out of my pay. Can I deduct that.

Health care insurance premiums, including dental and vision insurance premiums, and other medical expenses that you paid with out of pocket funds and were not reimbursed are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.


Standard deductions for 2024

Single - $14,600 add $1,850 if age 65 or older
Married Filing Separately - $14,600 add $1,550 if age 65 or older
Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
Head of Household - $21,900 add $1,950 if age 65 or older


To enter your medical expenses -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Medical
On Medical Expenses, click the start or update button


Or enter medical expenses in the Search box located in the upper right of the program screen. Click on Jump to medical expenses

I pay health insurance out of my pay. Can I deduct that.

does your employer deduct the insurance premiums from your paycheck? then it's probable it has a plan where by your taxable wages are reduced by those premiums. If so, you already got a deduction so you can not deduct them again.  If you mean you use the money from your pay to make payments to a company of your choosing then you would be entitled to a schedule A deduction. in this case there would be no box 12DD on your W-2. If you are unsure ask your employer. 

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