I'm trying to figure out if I can deduct the $500 I paid in after-tax dollars to pay for medical premium costs not covered by the Obamacare subsidy.
On the medical worksheet, there is a line 2a that shows the portions of premiums I paid. Then there is a line 2b that says it's for "taxpayer's portion of 1095-A premiums,"and it also says something on line 2b about what portion on the 1095-A is you're versus your spouse's. I'm single. I have no idea where the number on line 2b which says $1162 is coming from or what it represents. It's not coming from the 1095-A from what I can see?
I'm trying to figure out if the $500 I had to pay out of pocket is shown anywhere on the 1095-A, maybe as part of the $1162 somehow?
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Yes, you can deduct it. However, don't enter the deduction anywhere.
The program automatically puts the deduction where it needs to be, so you won't need to do anything else. You will probably see it if you visit the "Medical Expenses" category (if you are Self Employed, it would show up on Line 29 of your Form 1040).
The amount is adjusted for any additional credit that you may receive on your tax return, or any repayment of the Advance credit that you need to pay on your tax return.
Yes, you can deduct it. However, don't enter the deduction anywhere.
The program automatically puts the deduction where it needs to be, so you won't need to do anything else. You will probably see it if you visit the "Medical Expenses" category (if you are Self Employed, it would show up on Line 29 of your Form 1040).
The amount is adjusted for any additional credit that you may receive on your tax return, or any repayment of the Advance credit that you need to pay on your tax return.
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