Skip to main content
March 1, 2022
Question

Can my health insurance premiums be included if I self paid for 2021, I am retired and have employer provided coverage.

  • March 1, 2022
  • 1 reply
  • 0 views
No text available

1 reply

March 1, 2022

If in 2021, you paid for your health insurance premiums out-of-pocket, then you can claim them as Medical expenses.

 

For tax year 2021, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.

 

Please note that Itemized Deductions will only "help" when they exceed your standard deduction.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"