Are Health Insurance Premiums Tax Deductible?

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Learn how to claim deductions for your health insurance premiums and medical expenses with this guide. Don't miss out on this opportunity to recoup some of your medical costs.


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Key moments:
0:00 Introduction
1:00 Are health insurance premiums tax deductible
1:43 Examples

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Hello, Can an employer pay for employee health insurance premiums with the business owner's HRA?

hollihatfield
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I will probably stop working when I am 60. I will not be self employed and I will no longer be receiving health insurance through my employer. I have a daughter and wife who will also need to be covered. I will have to purchase health insurance on the open market for all 3 of us (could be $20k-$25k per year). Then when I am on Medicare, I'll still have to purchase health insurance for my wife and daughter. So, are those premiums going to be tax deductible outside of the standard deductions?

TheKShepherd