I pay a monthly premium for health insurance, is this deductible?
Feb 24, 2021 · Some Medicare plans are tax deductible. This includes Medicare Part B and Part D prescription coverage. If you didn’t pay for health insurance, you can’t take a tax deduction …
My health insurance premiums are not shown as a business …
Feb 15, 2025 · Self-Employed health Insurance premiums are not included on your return as a business expense. Instead, they are shown as an above the line deduction on Schedule 1 line …
Can you deduct the insurance premiums that are deducted from
Jun 3, 2019 · The health insurance premiums that are deducted from your pay can be added to your medical expenses for the NJ tax return. While they are usually deducted pre-tax for …
I retired recently. A health insurance premium is deducted from …
Jun 4, 2019 · Health Insurance premiums are deductible if you are able to itemize on your return. In order to itemize, you will listed your itemized deduction on the schedule A of your return. …
are health insurance premiums a medical expense
Mar 6, 2025 · Health insurance premiums that you paid out of pocket can be entered as a medical expense. MEDICAL EXPENSES The medical expense deduction has to meet a rather large …
Can I deduct medical insurance premiums that I pay outside of my …
Mar 19, 2025 · Health care insurance premiums and other medical expenses that you paid with out of pocket funds are an eligible medical expense that you can deduct using Schedule A for …
Solved: For a retired federal employee, is the amount in box 5
Jun 4, 2019 · You are correct the any health premiums paid with after tax dollars are a deductible medical expense. The 1099-R from OPM, box 5 is after-tax dollars (excluded from box 1).
I thought Medicare Advantage premiums were tax deductible after …
Mar 22, 2025 · Any health insurance premiums that you pay out of pocket can be entered as medical expenses. But the medical expense deductions is very difficult to get. And it is an …
Deduct Medicare premiums as a business expense if self-employed?
Feb 4, 2025 · I have seen conflicting information as to whether Medicare premiums can be taken as a business expense, or must rather be taken as part of the self-employed health insurance …
Are the pretax employee paid health insurance premium …
Mar 5, 2025 · These include: Health insurance premiums Dependent Care Assistance Program (DeCAP) Health Care Flexible Spending Account (HCFSA) If you added a domestic partner to …