Article: 50245
Overview
You may be able to deduct a portion of your medical and dental expenses on Schedule A (Itemized Deductions), but only the amount that exceeds 7.5% of your adjusted gross income (AGI), as reported on Form 1040 or 1040-SR, line 11.
Eligible expenses can include unreimbursed insurance premiums paid for medical and dental care, as well as premiums for qualified long-term care insurance (as defined in Publication 502).
If you claimed a self-employed health insurance deduction on Schedule 1 (Form 1040), line 17, you must reduce your itemized premiums by that amount.
You cannot include premiums paid through pre-tax payroll deductions, since they are already excluded from your income and not reported in box 1 of your Form W-2.
If you are a retired public safety officer, you can’t deduct premiums that were paid using tax-free distributions from your retirement plan.
Adding Health Insurance Premiums
To add the Health Insurance Premiums:
- Go to Federal Taxes.
- Click Review.
- Click I’d like to see the forms I’ve filled out or search for a form.
- Enter Schedule A in the search box and click on Itemized Deductions – Medical Expenses to add and open the form.
- Enter your information and click Save.
When you enter information for Schedule A, the software automatically compares your itemized deductions to the standard deduction. Whichever results in the greater tax benefit will be applied to your return.