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SSA-1099 ? about Medicare B Premiums deducted from Benefit. The amount I entered now shows up as a potential itemized deduction. How do I change that?

Medicare B Premiums need to be reported?
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2 Replies
rjs
Level 15
Level 15

SSA-1099 ? about Medicare B Premiums deducted from Benefit. The amount I entered now shows up as a potential itemized deduction. How do I change that?

You don't change it. It's correct. The Medicare Part B premium is a medical expense. If you have enough other itemized deductions to exceed your standard deduction, the Medicare Part B premium is included in your medical expenses. If you take the standard deduction it doesn't matter that the Medicare premium is a "potential itemized deduction." Any potential itemized deductions won't be shown on your tax return if you take the standard deduction.

 

SSA-1099 ? about Medicare B Premiums deducted from Benefit. The amount I entered now shows up as a potential itemized deduction. How do I change that?

If you get reimbursed for it or have self employment income that changes things and the answer will probably be different.  

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