You'll need to sign in or create an account to connect with an expert.
A Medicare supplement plan is a medical expense that is entered on a Schedule A as an itemized deduction.
Health care insurance premiums and other medical expenses that you paid with out of pocket funds are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.
Standard deductions for 2019
To enter your medical expenses -
Or enter medical expenses, sch a in the Search box located in the upper right of the program screen. Click on Jump to medical expenses, sch a
Form number? You do not have direct access to forms with the online Premier you are posting from.
If you are entering medical expenses as an itemized deduction then you can enter the supplemental insurance you pay out of pocket as a medical expense. If it is paid from your Social Security benefits you do not need to enter it because when you enter your SSA1099 the amount paid for Medicare flows to the medical expense section.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2019—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expense
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
elva757
New Member
johnnie_96
New Member
deborahdennisbak
New Member
river_32-hotmail
New Member
dcdoan
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.