can I deduct medical premiums that are being taxed, before being deducted from my monthly pension check? The amount is on my 1099R in the "Account number" box.
can I deduct medical premiums that are being taxed, before being deducted from my monthly pension check? The amount is on my 1099R in the "Account number" box.
Yes, you can deduct medical premiums if you itemize deductions and your medical deductions exceed 7.5% of your AGI, as long as they were paid with pre-tax money.