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New Member
posted Jun 1, 2019 6:25:45 AM

Where will i find health care contributions on my w2 for state

0 4 15262
4 Replies
Intuit Alumni
Jun 1, 2019 6:25:46 AM

Your health insurance premiums paid will be listed in box 12 of Form W2 with code DD. Please view the TurboTax FAQ below for more information.

https://ttlc.intuit.com/replies/4000043

New Member
Jul 6, 2019 3:08:38 PM

I paid $207.50 every month for health insurance my employer pays 200 and my union pays 325 will I get a form to show what I have paid

New Member
Jul 6, 2019 3:09:26 PM

I guess what I’m asking will I be able to deduct what I pay in

Level 15
Jul 6, 2019 3:28:09 PM

You are asking if the health insurance premiums you pay out of pocket are deductible? The part paid by your employer is not deductible.   Do you have enough itemized deductions to exceed your standard deduction?  Health insurance premiums are a medical deduction, but in order to use medical expenses as a deduction  you have a tough threshold to meet.

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 2018—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

 

2018 Standard Deductions:

Single   $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly  $24,000  (+ $1300 each spouse 65 or older)

Head of Household  $18,000  (+ $1600 65 or older)

 

https://turbotax.intuit.com/tax-tips/health-care/medical-expenses-checklist/L6MkxxlyW