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Can I deduct medicare premiums I paid out of pocket?

Can I deduct medicare premiums I paid out of pocket? I am covered by medicare but I do not take my social security yet.
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DianeW777
Expert Alumni

Can I deduct medicare premiums I paid out of pocket?

Yes, if you can itemize your deductions you can use the amount you pay for medicare. 

  • Medical expenses must be greater than 7.5% of your income and only the excess will be used for your medical expense part of itemized deductions.
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