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Level 1
April 9, 2025
Question

Insurance Check

  • April 9, 2025
  • 1 reply
  • 5 views

Hi, I received 2 checks from my health insurance company last year which together adds up to about $1,000. I was told that the checks were sent to me due to my insurance overpaying for something and that the money was sent back to them. So they sent the money to me. Would I need to file that money as income on my taxes? If so, how? 

1 reply

MaryK4
Level 15
April 9, 2025

No, you would not have to report as income because it is a refund for overpayment UNLESS you deducted medical expenses on your Schedule A.  

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