Question

Medical expense deduction and health insurance premiums

Forum|Forum|1 year ago
April 7, 2025
1 reply
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Can you deduct unreimbursed medical insurance premiums paid to a plan obtained on the state MarketPlace (ObamaCare) as part of your medical expenses to exceed the AGI floor of 7.5% to deduct these expenses as an itemized deduction on Schedule A?

JohnB5677

Yes, Payments to a MarketPlace pan can be included as Medical Expenses.

Medical expenses can be deducted if they are not covered by insurance.
To post post Medical Expenses:

Log into TurboTax

Under Federal
Select Deductions & Credits
Scroll down the list to Medical.
Click the down arrow
Choose Medical Expenses
TurboTax will tell you the amount of medical expenses you need to be eligible for a deduction.
It my look like you should be getting Itemized deductions based on the raw numbers, but after crunching the numbers it may not be the best choice for you.

Here are some of the limitations to Itemized deductions

Medical expenses Limit: You can only deduct the amount of your medical and dental expenses that is more than 7.5% of your AGI.
Acceptable Medical and dental expenses

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