JSmith9543 wrote:

- quote -

Premiums, copayments, and payments for medical expenses not
covered by insurance all go into the same "medical expenses"
category.

I think that's a yes.

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JSmith9543 wrote:

- quote -

There are two assertions that might be correct, or not.

"... that I can deduct ..." I can't comment on.

"all premiums that exceed the 7.5% of my AGI" isn't correct.
Your medical deduction is your total allowed medical
expense, including the premiums (if allowed), less 7.5% of
AGI. That is, the 7.5% AGI reduction applies to your total
allowed medical expense, not just to the premiums.

dick w

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Just to clarify - in my case, my employer offers NO health
insurance. I am on my own with individual insurance and
payment of premiums. It is my understanding that I can
deduct all premiums that exceed the 7.5% of my AGI -is that
correct?

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Ksu93dlv wrote:

- quote -

1040 Schedule A, line 1 -- medical insurance is allowed
under medical expenses.

This only applies if the payment is not deducted from
your paycheck on a pre-tax basis, in which case there
is no additional deduction.

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"Ksu93dlv" <ksu93dlv[at]aol.comAntiSpam> wrote:

- quote -

No.

Mike Lewis, CPA

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ksu93dlv[at]aol.comAntiSpam (Ksu93dlv) wrote:

- quote -

It goes on Schedule A, Itemized Deductions, under Medical
and Dental Expenses. However, only the portion that exceeds
7.5% of your AGI is deductible, so unless you had
significant expenses that weren't covered by your insurance
you won't be able to take a deduction.

It doesn't help you with this year's taxes, but if your
employer offers a Medical Spending Account, you may be able
to instruct them to pay your share of the premiums from this
next year, so that it comes from pre-tax dollars.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA

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My wife and I file jointly. Neither of us was self-employed.
My employer provided health insurance for our entire family
but I had to pay about $300 per month after taxes for this
benefit. Is there any way I can deduct part or all of that
from my federal income taxes? If so, please point me to the
appropriate section of my 1040 or accompanying form or
schedule.

Thanks for your help.

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