Are health insurance premiums tax deductible?

Answer 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 »

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

Are federal health insurance premiums deductible?

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 »

Are supplemental health insurance premiums tax deductible?

You are allowed to deduct health insurance premiums, including supplemental health insurance premiums, from your income on your federal income tax as long as you are not reimbursed for the expenses... 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 »

Are health insurance premiums deductible if you take a deduction for an HSA?

Health insurance premiums are a qualified medical expense, according to the IRS. You may deduct qualified medical expenses that exceed 7.5 percent of your adjusted gross income. If you have a HSA, ... Read More »