Medicare premium payments are entered as an itemized medical deduction on Schedule A.
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 2021
To enter your medical expenses -
Or enter medical expenses in the Search box located in the upper right of the program screen. Click on Jump to medical expenses
True if I was doing my 2022 return. Not doing that.
I am doing the estimated tax process within Turbotax under the Other Tax Situations/Other Tax Forms/Form W-4 and Estimated Taxes. Want to calculate what payment is due September 15th.
In that process, I see Other Itemized Deductions and a place for health insurance deductions. Neither location specifically mentions Medicare payments.