Your Part B premiums paid can be claimed as Medical expenses, along with your other health insurance premiums and other medical expenses.
Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only "help" when they exceed your standard deduction.
For 2017, standard deductions are:
For a taxpayer under 65, not claimed as a dependent
In TurboTax, you can enter Medical expenses by following these steps:
Your Part B premiums paid can be claimed as Medical expenses, along with your other health insurance premiums and other medical expenses.
Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only "help" when they exceed your standard deduction.
For 2017, standard deductions are:
For a taxpayer under 65, not claimed as a dependent
In TurboTax, you can enter Medical expenses by following these steps: