I am reimbursed by my former employer for my Medicare Part B premiums that are deducted from my social security payment. Do I report this and if so where?

Forum|Forum|7 years ago
June 1, 2019
2 replies
17 views

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TurboTax Premier Windows

csspaw

Level 2

I am not sure the answer fits the question. The question is not about deducting premiums or out of pocket expenses paid. It is about receiving money from the employer. Nor is an HRA involved.

DoninGA

Level 15

You do not report the payments under a Health Reimbursement Arrangement (HRA) provided by your employer since you cannot deduct any medical expenses including Medicare premiums that are being reimbursed. You can only deduct medical expenses that you paid with out of pocket funds and were not reimbursed.

When entering your SSA-1099 in the TurboTax program and you have Medicare premiums included on the SSA-1099, do not enter those premiums into the program which were paid by the HRA.

To enter your Social Security benefits reported on form SSA-1099

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on
Scroll down to Retirement Plans and Social Security
On Social Security (SSA-1099, RRB-1099), click the start or update button

kf768

Level 2

As a retiree, my former employer REIMBURSES me the monthly Medicare amount taken from my Soc Sec income and it is added in my pension check monthly.

I am paying income tax on the Medicare reimbursement in my check however,

On the SS worksheet for the 1040, we are told to use the total SocSec paid in 2020 which is the total monthly benefit BEFORE Medicaire is deducted. Therefore, I have been paying taxes on my pension which includes Medicare reimbursement AND paying taxes on amount received from social security for the year.

I am paying twice...We should be able to use social security income total AFTER Medicare premiums were deducted, not pay for the twice

MarilynG

Level 15

You are being only taxed on your Net Social Security Income (Box 5 on 1099-SSA). You may not be taxed at all on your Social Security, or only partly, depending on your other income.

In TurboTax, you enter your Medicare Premiums amount, which are automatically moved to Medical Expenses, in the event you file using Itemized Deductions.

You are only being taxed on the Medicare Premiums reimbursement included in your pension income.

Click this link for info on How to Report Social Security on 1099-SSA

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