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April 3, 2023
Question

Dental Insurance

  • April 3, 2023
  • 1 reply
  • 0 views

Is the cost of dental insurance deductible somewhere? If so, where?

1 reply

VolvoGirl
Employee
April 3, 2023

Yes if you itemize deductions.

Enter Medical under

Federal (Personal for HB)

Deductions and Credits

Then scroll way down to Medical

Then Medical Expenses - click Start or Update

 

You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI.  And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction).  And since the Standard Deduction is increased more people will not need to Itemize.

 

For 2022 the standard deduction amounts are:

Single 12,950 + 1,750 or 65 and over or blind (14,700)

HOH 19,400 + 1,750 for 65 and over or blind

Joint 25,900 + 1,400 for each 65 and over or blind

Married filing Separate 12,950 + 1,400 for 65 and over or blind

lilly54Author
April 3, 2023

Is the answer yes, I can deduct dental insurance (subject to limits)? If so, where do I put them in TT?

VolvoGirl
Employee
April 3, 2023

Didn't you see my post above?  Yes you can enter dental ins unless it comes out of your paychecks pretax.