Question

Medical Expense deduction

Forum|Forum|1 year ago
February 14, 2025
1 reply
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I have 16279 showing as Medical Expenses when I did not enter any expenses. It is giving me a deduction of 5309 and I do not know why that is. I pay Market Place Insurance premiums.

M

MayaD

The premiums are automatically transferred to the medical expense section as itemized deductions when you enter your 1095-A Health Insurance Marketplace Statement. When you itemize your deductions, you can deduct only the part of your medical and dental expenses that exceeds 7.5% of the amount of your adjusted gross income on Form 1040 or 1040-SR, line 11.

If you are self employed, The Marketplace premiums you paid are deductible as self-employment health insurance

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