Paid for 2024 Medical Insurance coverage in 2023 (Tax deduction question)

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Bambuk
Posts: 62
Joined: Sun Apr 05, 2015 9:34 pm

Paid for 2024 Medical Insurance coverage in 2023 (Tax deduction question)

Post by Bambuk »

I bought a medical Insurance and made the first month payment for the 2024 coverage in December of 2023.
Should this payment be counted as my medical expenses for 2023 or for 2024?

Thanks.
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cheese_breath
Posts: 11722
Joined: Wed Sep 14, 2011 7:08 pm

Re: Paid for 2024 Medical Insurance coverage in 2023 (Tax deduction question)

Post by cheese_breath »

2023 - The year you pay it.
The surest way to know the future is when it becomes the past.
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