What constitutes a "Qualified Health Insurance Premiums" for Missouri?

[MaryK1]

Qualified Health Insurance Premiums are any and all payments that you made for health insurance.  If you deducted these expenses on your federal tax return, you may still get a deduction.
It’s very difficult to claim any medical deductions on your federal income tax return because you have to meet the requirement that your medical expenses exceed 7.5% of your adjusted gross income.  In Missouri, you don’t have that.  If your health insurance isn’t already exempt from taxes, you can claim your health insurance as a deduction on your Missouri State income tax return.

[Linda H]

Can you deduct premiums paid out of pocket (after tax dollars) if those premiums are reimbursed by your former employer as a retirement benefit?

[oliviaboone64]

but where did the value automatically there come from?

[MaryK1]

If you made an entry in the Itemized Deductions (Medical Expenses), it would transfer to the state.

[kathieh00]

why is the amount for missouri qualified health insurance premiums pre-filled in turbo tax?

[Linda H]

If u are on social security, that field is prefixed with your part b premium u entered from your social security form. You can also enter any unreimbursed supplement premiums in the other premiums field.

[kathieh00]

My husband gets medicare but NOT social security. My daughter and I are under the ACA. Is there an upward limit on this credit? I can't find that amount $1752 listed anywhere. I did NOT itemize.

[MaryK1]

In general there is no limit- your husband's Medicare MAY qualify because the premiums were not deducted from social security, but if he received RRB there is a reduced deduction.

[joyvswanson]

Our entire family is under the ACA.  We did not itemize, where did this number auto-populate from and how do I verify its accuracy?

[kathieh00]

This happened to me - I couldn't figure out where the amount came from until I finally realized that we had to pay more into the ACA (my husband is self-employed and got more money than we expected last year) and when I did the math it came out exactly right - Turbotax figured it out but didn't explain what it was doing...

[kcalbertina]

When figuring Qualified Health Insurance Premiums, do you go by when it was paid or by the month of the coverage.  I always have to pay before the 1st of each month, so I paid January 2018 in December 2017. Because my coverage changed during the year...I went from COBRA coverage to a Health Marketplace Plan, my premiums changed drastically, so it makes a big difference whether I count my December 2017 payment for January 2018 or my December 2018 payment for January 2019 on my 2018 taxes.

[spbeatty]

FYI - In 2019, the IRS allows all taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceeds 7.5% of their adjusted gross income. Beginning in 2020, the threshold amount increases to 10% of AGI.

[CharlieMeans]

It is any post tax premiums paid by you, either directly or through payroll deductions. 

If your employer takes the premiums out pre-tax (before taxes are calculated on income) then they are not deductible.  In this situation, you have already received your credit..

[AlexanderS08]

Qualified Health Insurance Premiums are all payments that you made for health insurance.  If you deducted these expenses on your federal tax return, you may still get a deduction.

In Missouri, there is no floor on health care expenses (Federal has a 7.5% floor).  If your health insurance isn’t already exempt from taxes, you can claim your health insurance as a deduction on your Missouri income tax return.