Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
V
Vruegemer
February 28, 2021
Question

Medical Insurance Premiums

  • February 28, 2021
  • 1 reply
  • 0 views

I retired at 61 during 2020 am paying my medical insurance premiums.  Are these premiums deductible under medical expenses? 

 

 

    1 reply

    C
    Cynthiad66
    March 2, 2021

    Yes.  Medical Insurance Premiums are deductible.

    You must itemize your deductions to claim medical expenses.

     

    You probably already know that you can deduct things like medical and dental fees, co-pays, eyeglasses, prescriptions, lab fees, surgery, and hospital facility fees.

     

    Tip: You can deduct the portion of medical expenses that exceeds 7.5% of your adjusted gross income (AGI) for 2020.

     

    What Kinds of Medical Expenses are Deductible

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

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification