Part D prescription insurance premiums

wwaugaman — Tue, 28 Jan 2025 20:31:01 GMT

We are both retired and getting SS. Where do I enter premiums for our Part D prescription premiums that we have paid? Does this get added with our Part G and Part N insurance premiums.

Re: Part D prescription insurance premiums

MinhT1 — Tue, 28 Jan 2025 20:57:08 GMT

All health insurance premiums paid out of pocket, including Part D, G and N premiums.

You can claim all medical and dental bills, prescription drugs and health insurance premiums paid out-of-pocket as Medical Expenses in Schedule A - Itemized Deductions.

The IRS has an extensive list of what you can and can’t deduct.

For tax year 2024, 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 benefit your taxes when they exceed your standard deduction.

For tax year 2024, standard deductions are:

$29,200 for married couples whose filing status is “married filing jointly” and surviving spouses;
$14,600 for singles and married couples whose filing status is “married filing separately”; and
$21,900 for taxpayers whose filing status is “head of household.”

The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:

$1,550 for married individuals; and
$1,950 for singles and heads of household.

Here's how to enter your medical expenses in TurboTax:

Open or continue your return.
Navigate to the Schedule A section:

TurboTax Online/Mobile: Go to Schedule A.
TurboTax Desktop: Search for Schedule A and then select the Jump to link.

Re: Part D prescription insurance premiums

Tate Heart — Thu, 12 Feb 2026 22:56:32 GMT

Part D (and Part B) premiums are usually added in the same place you enter your SSA-1099 form (the Social Security Benefits Worksheet).

topic Part D prescription insurance premiums in Deductions & credits

Part D prescription insurance premiums

Re: Part D prescription insurance premiums

Re: Part D prescription insurance premiums