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Level 2
posted Oct 25, 2023 12:19:56 PM

itemized deduction of health insurance for spouse

I'm paying for my wife's health insurance which is bought via my employer. Can this cost be qualified for itemized deductions? If so, what forms are needed?

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1 Replies
Level 5
Oct 25, 2023 12:25:58 PM

Great questions!  

I am going to make an assumption here, when you pay for the insurance through your employer, usually this is tax free, meaning that the money used to pay for the insurance is taken out prior to taxes being calculated on your paycheck.

If you are using money from your net pay (after taxes), then yes you can put that into your return as medical expenses.  You would enter them in the deductions and credits section.  In order to itemize medical expenses, you can only use expenses over 7.5% of your total income and you must then have all itemized expenses (state taxes, property taxes, mortgage interest, chartiable contributions and medical expenses) over your standard deduction of $27,700 (2023).

 

Please give me a thumbs up if this was helpful.

Katie S.