Yes. Premiums for Medicare programs—Part B (supplemental medical insurance), Part C (Medicare Advantage), and Part D (voluntary prescription drug insurance)—are deductible.
To deduct unreimbursed, out-of-pocket medical, dental, and vision costs on your federal return:
- You must take the itemized deduction;
- The expenses for you, your jointly-filing spouse, and your dependent(s) must exceed 7.5% of your adjusted gross income (AGI); and
- Only the portion above and beyond 7.5% of your AGI is deductible.
If you do itemize, they are deductible on Schedule A. To enter the expenses on Schedule A in TurboTax,
- With your return open, search for Schedule A and then select the Jump to link in the search results
- Enter your medical expenses, starting with prescriptions, on the following screens.
- You will come to a screen that asks about insurance premiums
What kinds of medical expenses are deductible?
Where do I enter my medical expenses?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
