Skip to main content
March 12, 2023
Question

My employer held out health insurance premiums post tax

  • March 12, 2023
  • 2 replies
  • 0 views
No text available

2 replies

rjs
Employee
March 12, 2023

Do you have a question?


It's very unusual for health insurance premiums to be deducted post-tax. But if you're sure that's what they did, you can enter the premiums as medical expenses for a possible deduction. But only the amount of medical expenses that is over 7.5% of your Adjusted Gross Income (AGI) are deductible. (Enter the full amount that you paid in TurboTax. TurboTax will subtract 7.5% of your AGI.) In addition, medical expenses are an itemized deduction. They will not reduce your tax or increase your refund unless your total itemized deductions are more than your standard deduction.

 

DawnC
Employee
March 12, 2023

Health insurance premiums paid with your own after-tax dollars are tax deductible. For example, if you purchased insurance on your own through a health insurance exchange or directly from an insurance company, the money you paid toward your monthly premiums can be taken as a tax deduction.

 

The tax deduction is only available if you itemize deductions on Schedule A.     Where do I enter medical expenses?  

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