Question

MI-1040CR Line 31

Forum|Forum|6 years ago
March 18, 2020
1 reply
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We bought medical and dental insurance from the company my husband work. We, as an employee, paid $4180.02 a year out of our paycheck and the employer paid $17,315 a year. What amount should we put on L31 -Medical Insurance / HMO premiums you paid for you and your family of the Form MI-1040CR? Should we put:

1. $0;

2. $4,180.02; or

3. $21,495

Thanks.

NB: In the instruction, it says “Do not include any premiums paid by an employer with pre-tax payroll contributions.”

Not A Product Question

DaveF1006

It depends if the $4180.02 were paid with pre-tax dollars, which most premiums paid by employers are. If the $4180.02 was included in your wages that are reported in Box 1 of your W2, you would report $4180.02. If that amount was excluded from your gross pay reported in Box 1, then the amount is $0 because it was paid with pre-tax dollars.

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