cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

. deduction f Medicare supplement insuranceI

I a deduction on my 2017 return just submitted. I t is the full amount of my Medicare Supplement insurance. I have visited other sites after the fact and one of them indicated the deduction  should be in my case should be 10% of the AGI.

I don't know if the Turbo Tax system these factors into account.

I would like a reading on this Please 

1 Best answer

Accepted Solutions
Highlighted
Level 4

. deduction f Medicare supplement insuranceI

What the other sites are most likely referring to is that only your Medical Expenses in Excess of 7.5% of your AGI can be deducted on your Schedule A. (Last year it was 10% of AGI) 

TurboTax automatically does the 7.5% of AGI calculation and reduces your deduction accordingly.

Please check out the TurboTax FAQ below for more details:

https://ttlc.intuit.com/replies/3301457

View solution in original post

1 Reply
Highlighted
Level 4

. deduction f Medicare supplement insuranceI

What the other sites are most likely referring to is that only your Medical Expenses in Excess of 7.5% of your AGI can be deducted on your Schedule A. (Last year it was 10% of AGI) 

TurboTax automatically does the 7.5% of AGI calculation and reduces your deduction accordingly.

Please check out the TurboTax FAQ below for more details:

https://ttlc.intuit.com/replies/3301457

View solution in original post