@abazba12 wrote:
I DO itemize for Schedule A but I don’t meet the 7.5% level of medical expenses needed in order to deduct medical expenses on my 1040.
Based on your answer, I will be paying taxes on the Medicare premiums deducted from my social security gross benefit amount, or at least 85% of it because my income is too high. Did I get that right?
No, the Medicare premiums would not be entered on your tax return. You are only taxed on the Social Security benefits you received as shown in box 5 of the SSA-1099.
