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clare516
New Member

If I got my health insurance through the healthcare market place can I claim my premiums paid to it on the Wisconsin medical care insurance section?

 
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1 Reply
BillM223
Expert Alumni

If I got my health insurance through the healthcare market place can I claim my premiums paid to it on the Wisconsin medical care insurance section?

The State of Wisconsin says,

 

"Can I use the amounts paid through employer-sponsored health insurance plans for the medical care insurance subtraction?

If the amounts were paid with after tax contributions, you may use these amounts for the subtraction. Amounts taken out pre-tax from your wages to pay health insurance premiums do not qualify for the subtraction. Some examples of amounts not eligible for the subtraction are:

  • Your share of the premium is paid by making a pre-tax reduction in your salary through payroll deductions.
  • Your medical care insurance premiums are paid through your employer's fringe benefit cafeteria plan or flexible spending account (may be identified as Internal Revenue Code sec. 125 or as a pre-tax deduction on your Form W-2).
  • Amounts identified as Code DD in Box 12 of your Form W-2. This is insurance that was provided by your employer and cannot be claimed for the Wisconsin subtraction for medical care insurance.

"

 

So did you pay the premiums with after-tax dollars? If so, then you can deduct them in Wisconsin.

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