topic If i entered my 1099 medicare deduction part b, why is it coming up a different amount when I want to add my out of pocket costs and prescriptions? in Retirement tax questions

If i entered my 1099 medicare deduction part b, why is it coming up a different amount when I want to add my out of pocket costs and prescriptions?

2747me — Thu, 23 Jan 2020 18:52:30 GMT

Re: If i entered my 1099 medicare deduction part b, why is it coming up a different amount when I...

MaryK4 — Thu, 23 Jan 2020 19:11:18 GMT

The basic rule is that you can deduct qualified medical expenses that add up to more than 7.5% of your adjusted gross income (AGI). Did you deduct the 7.5%?

Re: If i entered my 1099 medicare deduction part b, why is it coming up a different amount when I want to add my out of pocket costs and prescriptions?

SweetieJean — Thu, 23 Jan 2020 20:22:00 GMT

If you are looking at your total Medical expense number, it also includes any Medicare premiums listed on your SSA-1099. These were recorded when you entered that form.