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July 10, 2020
Question

Is a monthly payment to Blue Shield of California considered an insurance premium for tax purposes?

  • July 10, 2020
  • 1 reply
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1 reply

Employee
July 10, 2020

If paid for health coverage the premiums are an itemized medical deduction if you itemize.  You can deduct an amount of medical expenses that is greater than 7.5 percent of your AGI.