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No, you can't deduct them in both places. Medicare premiums can be used as self-employed health insurance premiums, which often gives taxpayers the bigger break. See which place gives you the most deduction. They come directly off your income as self-employed health insurance, whereas Schedule A medical expenses are limited by 7.5% of AGI.
No, you can't deduct them in both places. Medicare premiums can be used as self-employed health insurance premiums, which often gives taxpayers the bigger break. See which place gives you the most deduction. They come directly off your income as self-employed health insurance, whereas Schedule A medical expenses are limited by 7.5% of AGI.
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