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ryan22ky
New Member

Can I deduct health insurance premiums from my place of employment?

I paid very high premiums last year and would like to know if I can deduct any?
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MargaretL
Expert Alumni

Can I deduct health insurance premiums from my place of employment?

Yes, you can deduct your health insurance premiums ONLY IF your employer included them in box 1 (gross wages) of your W-2. If the premiums are not included, it means they are paid with pre-tax dollars - they are deducted from your wages before taxes were applied. Deducting them would be "double-dipping" and that's not allowed. 

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1 Reply
MargaretL
Expert Alumni

Can I deduct health insurance premiums from my place of employment?

Yes, you can deduct your health insurance premiums ONLY IF your employer included them in box 1 (gross wages) of your W-2. If the premiums are not included, it means they are paid with pre-tax dollars - they are deducted from your wages before taxes were applied. Deducting them would be "double-dipping" and that's not allowed. 

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