Is health insurance premiums tax deductible 2024?
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Works at the International Aid Foundation, Lives in Geneva, Switzerland.
Yes, you may be able to take a write-off for health insurance. But there are limits as to how much of your premiums you can write off. If you're taking your health insurance as a medical-expense deduction on Schedule A, you can deduct only those medical expenses that exceed 10 percent of your adjusted gross income.
2023-05-11 00:39:36
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Amelia Lewis
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Yes, you may be able to take a write-off for health insurance. But there are limits as to how much of your premiums you can write off. If you're taking your health insurance as a medical-expense deduction on Schedule A, you can deduct only those medical expenses that exceed 10 percent of your adjusted gross income.