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?
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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