Question

I pay 773 dollars / month premium for my company retired health plan for my self and my wife can I deduct these premiums.

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Premier Online

Employee

Since health premiums cannot be deducted pre-tax from retirement checks, your premium is deductible as an itemized medical expense. However, (a) only total medical expenses exceeding 10% of AGI (7.5% in some cases) are deductible at all, and (b) to have any impact your total itemized deductions (including *only* the over-10% medical expenses) must exceed your standard deduction.