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Is this the place to put insurance premiums as blue cross blue shield

where do I put this
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Is this the place to put insurance premiums as blue cross blue shield

Unless you are running a business, these are medical insurance premiums reported on Schedule A.

Medical expenses are reduced by 7.5% of adjusted gross income, so the tax benefit may be reduced. In addition. Unless you must itemize, TurboTax optimizes between itemized deductions and the standard deduction. If the standard deduction produces a better tax benefit, you get no tax benefit from the BCBS premiums.

 

However, if these premiums are being paid under Obamacare coverage (the Affordable Care Act), different reporting is required. You need Form 1095-A, and would enter the data in the ACA section of Medical expenses so that Form 8962 would be included with your return.

Is this the place to put insurance premiums as blue cross blue shield

No one can see your screen or your tax return -----so we do not know what "this" is to you.    If you are paying out of pocket for your BC/BS insurance then it can be entered as a medical expense.

 

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

 

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

 

 

 

2025 STANDARD DEDUCTION AMOUNTS

SINGLE $15,750  (65 or older/legally blind + $2000)

MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600)

MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600)

HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

 

 

 

If you have a 1095A for marketplace health insurance then go to:

To enter your 1095A go to Federal>Deductions and Credits> Medical>Affordable Care Act (Form 1095A)

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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