Where do I enter the health insurance premium if I am not self employed?

[PeterM · Accepted solution]

They go on Schedule A as Itemized Medical deductions. Generally, you can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 10% of your adjusted gross income (however, if either you or your spouse was born before January 2, 1952, you can deduct the part of your medical and dental expenses that exceeds 7.5% of your adjusted gross income).

If your total itemized Deductions are less than the Standard Deduction, then you'll want to take the Standard Deduction. The IRS allows taxpayers the greater of either the standard deduction or the sum all their itemized deductions. So, always go with the larger of the two.

To enter the premiums in Turbo Tax, follow these steps:

1. Click on the Federal Taxes tab
2. Click on Deductions & Credits tab
3. Click the I'll Choose What I Work On button
4. Under the Medical heading, click the Medical Expenses start button
5. From here Turbo Tax will guide you through the process of entering those costs.

I have included a screenshot of the page for entering medical insurance premiums.