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February 2, 2025
Question

My Michigan Office of Retirment Services 1099-R form shows 0 in box 5, but there is an extra box labeled Health Ins Prem. Ded with a number in it. What do I do with this?

  • February 2, 2025
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    February 2, 2025

    The "Health Insurance Premium Deduction" on your 1099-R shows the amount of premiums deducted from your pension. If you paid these premiums with after-tax dollars, you can include them as a medical expense on your Schedule A if you itemize your deductions. This is applicable if, when combined with your other medical expenses, the total exceeds 7.5% of your adjusted gross income (AGI).

     

    See Topic no. 502, Medical and dental expenses