You'll need to sign in or create an account to connect with an expert.
You don't need to report form 1095-C Employer-Provided Health Insurance Offer and Coverage on your return. Just keep it for your record.
can I deduct the money I contributed towards my health insurance?
provide more details because if cover by your employer what's deducted from your paycheck may reduce your taxable wages. then there is no deduction. if see;f employed they may be deductible as self-employed health insurance.
on the other hand, if you get a w-2, but pay your insurance outside of your employment, thee it would likely be a schedule A medical expense.
No The premiums for company health insurance are non-tax deductible. Employers take out premium payments from your payroll on a pre-tax basis, therefore, your employee contributions were already taking advantage of the tax-savings and can't be deducted on your taxes. At the end of the year, employers send form 1095-C as proof of health insurance coverage.
On the other hand, Cobra insurance is a health plan that allows you to continue employer-sponsored insurance coverage even if you no longer work for that company. Premiums for COBRA insurance are tax deductible, as they are paid entirely by you on an after-tax basis.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
massachusetts1
Level 4
sarosenthall
Returning Member
ewoldde
Level 2
install2024
New Member
LarryEbinger
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.