UPDATED FOR TAX YEAR 2019
Yes - You can enter the Medicare B premiums as self-employed health insurance premiums. [It will show as a deduction on Schedule 1 of Form 1040, line 16.]
If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.
To enter the Medicare premiums, please follow these steps:
- On the Your 20XX self-employed work summary screen, click on Edit next to your business.
- On the Here's your [business] info screen, click on the box Add expenses for this work.
- On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Health insurance premiums and click Continue at the bottom of the screen.
- Enter the amount and description on the next page. If you need more than one entry, click on Add another row.
[Edited | 4/8/2020 | 12:01pm PDT]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
