Get your taxes done using TurboTax


@PattiF wrote:

Yes, you can enter that under Part B. Medicare Part B helps cover medical services like doctors' services, outpatient care, and other medical services that Part A doesn't cover. Part B is optional. Part B helps pay for covered medical services and items when they are medically necessary.


Be aware that you can only deduct insurance premiums you pay out of pocket after taxes.  The premiums for employer-provided insurance are almost always deducted from your paycheck before taxes; you can't take a deduction for something that was already tax-free.  (Or if you are retired, your premiums may be deducted before taxes from your pension.  Either way, you can only deduct them if you pay the premiums with money that you paid income tax on.)

 

Medical expenses are itemized deductions subject to the 7.5% rule and you must itemize your deductions to see any tax benefit.  Adding medical expenses will not always change your tax bill, depending on your overall income and deductions. 

View solution in original post