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Introduction

SECTION 4. DEDUCTION FOR

Internal Revenue Bulletin 2014-33 · 2026-10-03 edition · updated 2026-10-04 · United States

PREMIUMS OTHER THAN SPECIFIED PREMIUMS

The calculations in section 5 of this revenue procedure apply only to specified premiums, as defined in § 1.162(l)– 1T(a)(2). A taxpayer should not apply the calculations or the rules in this revenue procedure to premiums that are not specified premiums. Examples of premiums that are not specified premiums are: premiums paid for coverage other than a qualified health plan; premiums paid for a qualified health plan other than during a coverage month; and premiums paid to cover an individual other than the taxpayer, the taxpayer’s spouse, or a dependent of the taxpayer. To the extent a taxpayer may claim a § 162(l) deduction for premiums that are not specified premiums, the taxpayer should treat the deductions as the taxpayer treats all other deductions in determining adjusted gross income, modified adjusted gross income, and household income. See Example 3 of section 7 for an example illustrating the application of this section 4.

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▸Contents — Internal Revenue Bulletin 2014-33
Internal Revenue Bulletin 2014-33

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