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Can I Deduct my COBRA premiums? I'm NOT self employed

I paid for COBRA out of my own pocket all twelve months of 2020.  I was employed Jan - March.  My employer offered coverage, but my COBRA was subsidized by my previous employer, so I stayed with my COBRA coverage.  I started working again in September. This employer offered coverage (there may/may not have been at 60 or 90 day waiting period).  For September - December my COBRA was no longer subsidized, and I was paying out the nose for it.

 

Can I deduct any of these premiums?  If so, how?  Is this a medical expense?  Where in TurboTax do I enter my health insurance premiums?

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Accepted Solutions

Can I Deduct my COBRA premiums? I'm NOT self employed

While the premium costs paid by you are a medical deduction you must itemize to deduct them. You can only deduct an amount of total medical expenses greater than 7.5 percent of your AGI. 

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1 Reply

Can I Deduct my COBRA premiums? I'm NOT self employed

While the premium costs paid by you are a medical deduction you must itemize to deduct them. You can only deduct an amount of total medical expenses greater than 7.5 percent of your AGI. 

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