HELPS retiree Act

OlyTom
OlyTom Member Posts: 2 Newcomer
in Live Q/A Event

How do I deduct the health care & dental premiums that I pay in retirement utilizing the HELPS retiree Improvement Act. I retired as federal LEO in August. Thank you

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Answers

  • AmmonL
    AmmonL FreeTaxUSA Agent Posts: 6

    Hello,

    If you are an eligible retired public safety officer, you can elect to exclude from your income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance.

    At the beginning of 2025, you should be receiving Form 1099-R. If you file your return with us, you will be able to enter the 1099-R into our software. Our software will then be able to take you through the steps of entering the information regarding your distributions.

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