turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am self employed and am on medicare. Can I enter the money I pay for my supplement on my tax form?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

I am self employed and am on medicare. Can I enter the money I pay for my supplement on my tax form?

Yes. , If you are self-employed and eligible for the self-employed health insurance deduction, you can include your Medicare premiums in your self-employed health insurance deduction.

If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To add the self-employed health insurance to your return:

·        Type self-employed health insurance deduction in the search bar.

·        Click Jump to self-employed health insurance deduction.

·        Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Less common expenses, then choose Health Insurance Premiums


View solution in original post

1 Reply
Coleen3
Intuit Alumni

I am self employed and am on medicare. Can I enter the money I pay for my supplement on my tax form?

Yes. , If you are self-employed and eligible for the self-employed health insurance deduction, you can include your Medicare premiums in your self-employed health insurance deduction.

If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To add the self-employed health insurance to your return:

·        Type self-employed health insurance deduction in the search bar.

·        Click Jump to self-employed health insurance deduction.

·        Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Less common expenses, then choose Health Insurance Premiums


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies