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Currently receiving health insurance through "Obama Care", not employer, thus they are not pre-tax dollars. Can these health insurance premiums be deducted?

 
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2 Replies

Currently receiving health insurance through "Obama Care", not employer, thus they are not pre-tax dollars. Can these health insurance premiums be deducted?

Yes to the extent you paid them out of pocket and did not get the Premium Tax Credit on your return. 

Rachel_W
Expert Alumni

Currently receiving health insurance through "Obama Care", not employer, thus they are not pre-tax dollars. Can these health insurance premiums be deducted?

Yes, Health Insurance Premiums you pay out of pocket for "Obama Care" can be deducted as a Medical Expense on Schedule A,  IF you itemize your deductions.  Keep in mind that you can only deduct what you actually pay out of pocket, so if you received a subsidy or premium tax credit, do not include those amounts as part of your total.

For more details about Deducting Medical Expenses on Schedule A, please see the FAQ below:  https://ttlc.intuit.com/replies/4774889 

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