jtax
Level 10

Retirement tax questions

@ColeenD3 is exactly right. But I will also point out that that total of all of your medical expenses (not just supplemental premiums but medicare premiums taken out of social security and out of pocket expenses (co pays, uninsured dental, etc.) must be more than 7.5% of your adjusted gross income. (So if you make $100k and have $8k in medical expenses the deduction is only $500. If you had $7k in medical expenses there would be no deduction at all.)

 

Additionally you have to itemize, which very few people do (<12%) because the standard deduction is so large. (For > 65 yrs old, single it is about $13.5k)

 

So I would certainly put in all of your medical expenses and let TT see if it helps. But don't have high expectations. It usually won't matter.

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