Is a Catastrophic Plan through the Marketplace TAX DEDUCTIBLE?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Is a Catastrophic Plan through the Marketplace TAX DEDUCTIBLE?

Yes, the premiums for Catastrophic Health Care Plans (if paid for with after-tax dollars) are deductible as an itemized expense on Schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income.

View solution in original post

1 Reply

Is a Catastrophic Plan through the Marketplace TAX DEDUCTIBLE?

Yes, the premiums for Catastrophic Health Care Plans (if paid for with after-tax dollars) are deductible as an itemized expense on Schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post