Ask the Experts Tax Deductions for Adult Son s Health Care Premiums AARP B

Ask the Experts Tax Deductions for Adult Son s Health Care Premiums AARP B

Ask the Experts: Tax Deductions for Adult Son’s Health Care Premiums - AARP B...

Tax Deductions for Son s Health Care Premiums

Q. I am 70 years old. My adult son is currently unemployed. To help him out, I am paying his monthly health care premiums. Can I deduct that amount on my IRS tax return? A. No. Because your son is an adult and not your dependent, you cannot deduct his premium amount on your tax return. You are allowed to count medical and dental bills for you, your spouse and your dependents toward the medical deduction limit. In certain situations, you may count medical expenses that you paid for a parent, even if he or she is not a dependent—such as the diagnosis or treatment of disease, medical equipment and supplies, and insurance premiums. For a detailed list of deductions, go to the IRS online at . Source: Jean Setzfand, AARP Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

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