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New Member
posted Jan 29, 2025 10:37:48 AM

where do i enter monthly UAW healthcare premiums on my tax form?

where do i enter monthly UAW healthcare premiums on my tax form?

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2 Replies
Level 15
Jan 29, 2025 10:47:10 AM

Do you pay those premiums out of pocket or are they deducted from your paychecks?   If they are deducted from your paychecks they will automatically flow over to medical expenses when you enter your W-2.  

 

If you are paying out of pocket:

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2024—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

 

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

 

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

 

Employee Tax Expert
Jan 29, 2025 10:48:54 AM

Be advised that there are limits to be eligible for Medical Deductions

You can only deduct the part of your medical and dental expenses that is more than 7.5% of your adjusted gross income (AGI)

 

To post your Medical expenses

Log into TurboTax

  1. Under Federal
  2. Select Deductions & Credits
  3. Scroll down the list to Medical.
  4. Click the down arrow
  5. Choose Medical Expenses
  6. TurboTax will tell you the amount of medical expenses you need to be eligible for a deduction.
  7. It my look like you should be getting Itemized deductions based on the raw numbers,  but after crunching the numbers it may not be the best choice for you.

Here are some of the limitations to Itemized deductions