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Daycare and Taxes>Buying Health Insurance
morgan24 07:59 AM 01-09-2017
My husband retired and we have to buy insurance through the marketplace. Is is deductible? Also I'm not sure what to use as a base to estimate my income. Is it the adjusted gross income or taxable income?
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TomCopeland 11:22 AM 01-09-2017
Originally Posted by morgan24:
My husband retired and we have to buy insurance through the marketplace. Is is deductible? Also I'm not sure what to use as a base to estimate my income. Is it the adjusted gross income or taxable income?
You can deduct the insurance premiums for both of you on IRS Form 1040, line 29. Use your adjusted gross income.
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