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Employee
May 16, 2019
Question

Health Care Premium Deductions

  • May 16, 2019
  • 1 reply
  • 0 views

My employer's offered healthcare costs are rising significantly so they have offered if we find a less expensive plan on the marketplace they will still cover 50% of the premium. The way they will do this is by paying it in our salary each month, but not listed as a reimburement, effectively increasing my taxable income. I don't itemize so I am wondering if it is still possible to deduct the healthcare premiums or if they would need to meet the unremibursed medical expenses threshold first?

    1 reply

    May 16, 2019

    the premiums can only be deducted on Schedule A (assuming you itemize).  And only the part that exceeds 10% (2019) of your AGI is eligible.

     

    Also, please read this article

     

    https://blog.turbotax.intuit.com/health-care/when-can-you-claim-a-tax-deduction-for-health-insurance-17419/

     

     

    nikki7013Author
    Employee
    May 17, 2019

    i don't itemize, is there anywhere to list the portion of this that would be a reimbursement so that i'm not taxed on it?

    May 17, 2019
    Unfortunately, no

    Only other way is for employer to pay the premium and reduce your wages so in effect you are paying with ore-tax dollars