Section 80d Any Thoughts?

[LGilmore]

I ran into this and can't seem to find how it actually works tax wise. Section 80D allows individuals to deduct insurance premiums and expenses to a certain threshold depending on family size and age and paying parents premiums...

I just want to know where it goes on the tax form, is it a schedule A item? Do you use C? (then it would be self employed) I just want to know would it be subject to the 10% of gross income rule to even count?

While I find tons on the topic, it never seems to take the deduction all the way through. Anybody else run across this?

 

[Yagents]

Self employed goes on 1040.
All others can deduct on schedule A, but only that amount above 10% income. 7.5% if older age like 65.

 

[LGilmore]

thanks. Sorta of what I thought. Just a different forum row with somebody who claims individuals should do this over employer paid plans....