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I have already filed my income tax for 2016 and after talking to our accounts about our Schedule K I realize that I didn't deduct our Health and Dental Insurance Premiums.

Forum|Forum|7 years ago
June 6, 2019
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My total expense for my premiums was just over $5,000. Is it even worth it to file an amended return?

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Best answer by Irene2805

UPDATED FOR TAX YEAR 2019

It depends on the amount of medical expenses entered on the original return and your adjusted gross income (AGI). Before you start to amend your return, please keep in mind the following about deducting your medical expenses, including premiums for health and dental insurance:

You don't get the benefit if you are taking the standard deduction.
If you itemize deductions, you will only be able to take total medical expenses that are greater than 7.5% of your adjusted gross income.

[Edited | 4/1/2020 | 11:48am PDT]

I

Irene2805Answer

UPDATED FOR TAX YEAR 2019

It depends on the amount of medical expenses entered on the original return and your adjusted gross income (AGI). Before you start to amend your return, please keep in mind the following about deducting your medical expenses, including premiums for health and dental insurance:

You don't get the benefit if you are taking the standard deduction.
If you itemize deductions, you will only be able to take total medical expenses that are greater than 7.5% of your adjusted gross income.

[Edited | 4/1/2020 | 11:48am PDT]