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Deductions & credits
Yes, the Medicare premiums are deductible as medical expenses.
If you are collecting Social Security, the amount will automatically transfer from your SSA-1099 entry.
Since you are not drawing Social security yet, you can enter the amount directly in the Medical deductions section.
- Select Federal from the left side menu.
- Select Deductions and Credits toward the upper left.
- Expand the list and scroll down to Medical Expenses.
- Click Continue until you get to the screen titled, How much did you spend on insurance premiums?
- Look for Medical insurance premiums, enter your amount and Continue.
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March 14, 2022
3:40 PM