Are individual premiums tax deductible?

Answer Health insurance premiums may or may not be tax-deductible. How the premiums are paid and what type of health coverage you have effect potential tax deductions. If you want to fully deduct your pre... Read More »

Top Q&A For: Are individual premiums tax 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 premiums paid for HSA tax deductible?

Premiums paid for Health Savings Accounts (HSAs) are tax-deductible. To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP) and not be on Medicare, have any other heal... Read More »

Are medical premiums tax deductible?

If you pay out of pocket for all or part of your medical premiums, you can include those costs as a medical expense, which is deductible. However, to claim the medical expenses, you must itemize yo... Read More »

Are Disability Premiums Tax Deductible?

Disability insurance is designed to help assure workers that there will be an income stream available even if they become incapacitated. Premiums for this important insurance coverage often are not... Read More »