Medicare Deduction from Soc Sec

[juleyh]

I just started Medicare and deductions come out of my social Security Benefit.

Do I have to enter the Medicare Premiums into Schedule A, wherein it is only deductible if I exceed 7.5% of my AGI? What about people who take the Standard Deduction and don't itemize?

We pay into Medicare from our income. We retire. Then they want us to pay tax on the Medicate premiums they charge us?  I just want to be certain I am understanding this correctly.

I probably shouldn't be surprised, but even if I have to pay tax, I don't feel that people who can't or don't itemize should have to pay tax on Medicare premiums if their income is below, say, $30-40k.

[DoninGA]

Your Medicare Part B premiums are a medical expense that can be reported as an itemized deduction on Schedule A.

If you do not have enough itemized deductions to exceed the Standard Deduction for your filing status then itemized deductions will not be entered on your federal tax return.

You are not being taxed on the Medicare Part B premiums you pay,  If not used as an itemized deduction the premium payment is not reported on a tax return.

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

Married Filing Jointly - $32,000
Single or Head of Household - $25,000
Married Filing Separately - 0

[Bsch4477]

When you get your SSA-1099 social security tax form you report your Medicare premiums which automatically transfer to Schedule A. If you don’t itemize that is just ignored. You are taxed on your total social security income.