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Deductions & credits
If you are self-employed you will enter your Medicare B & D by doing the following:
- Click Income and Expenses
- Click Review next to Self-Employment Income and expenses
- Click Review next to your business
- Click add next to Health Insurance Premiums. You may have to scroll down and click show more a few times.
- Click continue a few times, then you will come to a list of expenses that you can enter. Click Start or edit next to Health Insurance Premiums then walk through the steps to enter your premiums. This will enter your deductible Medicare premiums on line 17 of Schedule 1.
You can claim this deduction if you have a profit in your business. This is not a refundable credit.
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‎February 9, 2022
12:57 PM