If you pay health insurance through your pension, is that pretax...and thus not included in Medical expenses on Sch A?
- posted
12 years ago
Health Ins deducted from pension
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- posted
12 years ago
The outfit issuing your pension check should be able to answer your question.
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- posted
12 years ago
Check the amount in Box 1 of your 1099-R. If the premium has been deducted there it's pre-tax and not deductible. Otherwise it's after-tax and deductible.
Phil Marti VITA/TCE Volunteer Clarksburg, MD
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- posted
12 years ago
there it's pre-tax and not deductible. Otherwise it's after-tax and deductible.
Nothing wrong with what you said except most of the elderly I see have no idea what Box 1 means or whether insurance premiums have been netted pre-tax. If the person tells me they pay for medical insurance, I treat the amount in Box 5 as post-tax medical just like it is on a CSA-1099R from OPM.