No. of Recommendations: 0
As you prepare your income tax returns, take a close look at medical expenses. Premiums for health insurance are deductible as part of your medical expenses. Rising health care costs and premiums could be enough to push you over the 7.5% of AGI threshold.

Especially if you are already itemizing deductions (usually for homeowners in high property tax states), the medical deduction can come into play for you.

See Sch A part 1 of Form 1040 or Pub 17 (Your Income Tax), both available for download from, for details.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.