Retirement tax questions


@17611198902 wrote:

Is the amount taken from my social security for Medicare every month considered to be income? -Do I calculate my total income for the year less the amount taken for Medicare every month?


The Medicare deducted from Social Security is part of the SS income you report. You will get a SSA-1099 to report your Social Security.   Box 5 is the SS income you report before the deductions are taken out.

 

If you itemize your deductions the Medicare will be added to your Medical Deduction.