Are federal health insurance premiums deductible?

Answer The medical expenses that you paid this year---regardless of when you received services---are deductible. Medical expenses include the premiums that you pay for health insurance. If you are a feder... Read More »

Top Q&A For: Are federal health insurance premiums deductible

Are health insurance premiums a deductible expense on an individual's federal tax return?

Health insurance premiums that you pay can be deducted on your federal income tax return using Schedule A. However, you must itemize your deductions, which requires forgoing the standard deduction.... Read More »

Are health care premiums deductible on federal income tax returns?

Health care premiums that you pay out of pocket are deductible on your taxes. If you are self-employed, you can claim the deduction as an adjustment to income. If you are an employee, you must item... Read More »

Are health insurance premiums tax deductible?

Health insurance premiums can be deducted from your federal income taxes once your medical expenses exceed 7.5 percent of your adjusted gross income. Anything you pay above the 7.5 percent is deduc... Read More »

Are Health Insurance Premiums Deductible From My HSA?

Persons with HSAs or health savings accounts can only use money in the account to pay for insurance premiums in certain situations. Those who recently lost a job and are paying for continuing insur... Read More »