You can take a deduction for health insurance premiums if: You itemize deductions (as opposed to taking the Standard Deduction) Your medical expenses exceed 7.5% of your Adjusted Gross Income (AGI)If you itemize and your medical expenses exceed 7.5% of AGI, you can take a deduction for the portion of medical expenses that exceed 7.5% of your AGI.

Question

Can I deduct my health insurance premiums if they were more than 10% of my gross income?

Forum|Forum|5 years ago
February 10, 2021
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TurboTax Deluxe Online

D

DavidD66

You can take a deduction for health insurance premiums if:

You itemize deductions (as opposed to taking the Standard Deduction)
Your medical expenses exceed 7.5% of your Adjusted Gross Income (AGI)

If you itemize and your medical expenses exceed 7.5% of AGI, you can take a deduction for the portion of medical expenses that exceed 7.5% of your AGI.

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