Can I enter my out of pocket Medicare B and D even if they are not deducted since I don't take Social Security yet? If so, where do I enter it?

[deborahdennisbak]

I'm waiting until I'm 72 to start Social Security, so I am required to pay for Medicare quarterly.  Can I enter this under Social Security Benefits, or is there a separate section for that?

[DoninGA]

Health care insurance premiums, including dental and vision insurance premiums, and other medical expenses that you paid with out of pocket funds and were not reimbursed are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

To enter your medical expenses -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Medical
On Medical Expenses, click the start or update button

Or enter medical expenses in the Search box located in the upper right of the program screen. Click on Jump to medical expenses

[Bsch4477]

You have to itemize to get any tax benefit. It’s a medical expense. You can only deduct a an amount of total medical expenses greater than 7.5 percent of your AGI.