Skip to main content
February 7, 2020
Solved

Health Insurance

  • February 7, 2020
  • 1 reply
  • 0 views

I am a retired firefighter I am allowed to claim $3000 on my taxes> where do I make the entry on turbo tax?

    Best answer by DavidS127

    Community user TurboTaxCaro has the Recommended Answer for your question:

    1. Enter Form 1099-R exactly how it appears.  Answer Yes to the question, if you were Employed as a Public Safety Officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew).
    2. Answer Yes, if the Pension Administrator Paid for Health Insurance.  Enter the total annual premium paid for the Health Insurance Payment Amount.  TurboTax will reduce the deduction to the $3,000 allowed.
    3. "To qualify for this deduction, the distribution must be made directly from the plan to the insurance provider.  You can only make this election for amounts that would otherwise be included in your income.  The amount excluded from your income can't be used to claim a medical expense deduction."

     

    1 reply

    DavidS127
    DavidS127Answer
    February 7, 2020

    Community user TurboTaxCaro has the Recommended Answer for your question:

    1. Enter Form 1099-R exactly how it appears.  Answer Yes to the question, if you were Employed as a Public Safety Officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew).
    2. Answer Yes, if the Pension Administrator Paid for Health Insurance.  Enter the total annual premium paid for the Health Insurance Payment Amount.  TurboTax will reduce the deduction to the $3,000 allowed.
    3. "To qualify for this deduction, the distribution must be made directly from the plan to the insurance provider.  You can only make this election for amounts that would otherwise be included in your income.  The amount excluded from your income can't be used to claim a medical expense deduction."

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"