Can we deduct the monthly payments for our Humana Drug Plan?

pat2446 — Tue, 10 Feb 2026 11:21:33 GMT

Re: Can we deduct the monthly payments for our Humana Drug Plan?

xmasbaby0 — Sun, 18 Feb 2024 18:43:02 GMT

Yes---if you are paying the part D or have a supplemental plan that is being paid out of pocket then you can enter it as a medical expense.

If you receive Social Security benefits, your Medicare is deducted from your SS. When you enter the SSA1099 for your Social Security, the amount paid for Medicare flows automatically to the medical expense section of the software, so do not enter it again.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2023—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

2023 STANDARD DEDUCTION AMOUNTS

SINGLE $13,850 (65 or older/legally blind + $1850)

MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)

MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse

HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)

Re: Can we deduct the monthly payments for our Humana Drug Plan?

pat2446 — Sun, 18 Feb 2024 19:08:46 GMT

Thank you for your help

topic Can we deduct the monthly payments for our Humana Drug Plan? in Retirement tax questions

Can we deduct the monthly payments for our Humana Drug Plan?

Re: Can we deduct the monthly payments for our Humana Drug Plan?

Re: Can we deduct the monthly payments for our Humana Drug Plan?