Hello,
Please help me with the following. I am retired and married, filing joint. I have some rental income but rentals are not managed by us. So I don't have any company of my own that I run. My income is currently only just the rental income and a little bit that my wife gets from her part time school work. The effective rental income after all expenses, and that of my wife put together would be in the range of $35K annually. Till I was employed last yeat, I had been using turbo tax premium for a very long time. Now that I am retired, but still need to pay for medical insurnace. I might probably apply for medicare and I might have to find a way to cover my wife privately.
- Can I deduct my medicare insurance premium in our joint filing?
- If my wife qualifies for medical insurnace at work, they would deduct it pre-tax. But if my wife gets insurance via her work, will that preclude me from deducting my premium in our joint filing?
- If I buy medical insurance for my wife privately, can we deduct her premium also in our joint filing?
Appreciate help.
regards
