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Your college student's healthcare premium is deductible as medical expenses.
You can claim all medical and dental bills, prescription drugs and health insurance premiums paid out-of-pocket as Medical Expenses in Schedule A - Itemized Deductions
For tax year 2023, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only benefit your taxes when they exceed your standard deduction.
For tax year 2023, standard deductions are:
The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:
In TurboTax Online, you can enter Medical expenses by following these steps:
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