If I had to pay for crisis insurance due to loss of healthcare coverage can't I deduct that?

phnxcg05 · ‎June 4, 2019

Vanessa · ‎June 4, 2019

If you are itemizing your return, you can include it in with medical expenses. You would get a deduction for it if your total medical expenses exceed 7.5% of your AGI.

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Vanessa · ‎June 4, 2019

If you are itemizing your return, you can include it in with medical expenses. You would get a deduction for it if your total medical expenses exceed 7.5% of your AGI.

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phnxcg05 · ‎June 4, 2019

AGI?

Vanessa · ‎June 4, 2019

Adjusted Gross Income on line 7 of your 1040. Basically if you only have income from your job then that would be your AGI.

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If I had to pay for crisis insurance due to loss of healthcare coverage can't I deduct that?