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bfroemming1
New Member

What does "covered by social security" mean, regarding deductibility of Medicare part a premiums?

 
1 Best answer

Accepted Solutions
MargaretL
Level 9

What does "covered by social security" mean, regarding deductibility of Medicare part a premiums?

It means your premiums are listed on the form 1099-SSA because they are taken from your SS check. If that information is listed on your form 1099-SSA, Turbo Tax will automatically carry the amount to the Schedule A, medical expenses section.

Otherwise, you can sign up for voluntary Medicare premiums; the premiums that you paid in 2016 are qualified medical expenses and you can enter them using steps below:     

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Medical, select Medical Expenses, enter the total amount for all medical insurance premiums that you paid

View solution in original post

1 Reply
MargaretL
Level 9

What does "covered by social security" mean, regarding deductibility of Medicare part a premiums?

It means your premiums are listed on the form 1099-SSA because they are taken from your SS check. If that information is listed on your form 1099-SSA, Turbo Tax will automatically carry the amount to the Schedule A, medical expenses section.

Otherwise, you can sign up for voluntary Medicare premiums; the premiums that you paid in 2016 are qualified medical expenses and you can enter them using steps below:     

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Medical, select Medical Expenses, enter the total amount for all medical insurance premiums that you paid

View solution in original post

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