Skip to main content
April 18, 2020
Question

Medical insurance premiums

  • April 18, 2020
  • 1 reply
  • 0 views

My work takes out of my paycheck $67 every two weeks.  Can I use this money amount in  the "Medical Insurance and HMO Premiums paid?

    1 reply

    April 20, 2020

    No.  Medical insurance premiums taken out of pay checks is typically paid with pre-tax money.  This means that you cannot deduct that amount on your tax return.  

     

    Take a look at the following TurboTax article for more information:  Can I deduct health insurance premiums taken from my paycheck?

     

     

    @carolr63

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