OK, I am confused. I am self-employed.
My spouse is retired. I am covered under her health insurance, which is subsidized by former employer (OPM). She pays that premium, so I know I can't take that expense.
But I pay my own Medicare B premium.
Can I expense or deduct this premium?
I can't seem to nail down a firm answer.
Has anyone hashed this out to their own satisfaction?
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You can't deduct the health insurance premium as self-employed health insurance since you are covered on your spouse's employer plan. You may be able to deduct the Medicare payments as a medical expense itemized deduction, but it will only benefit you if you itemize your deductions.
thanks. that makes sense. I pay premiums, but they go into An advantage plan that includes us both.
Oh, well.
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