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Can I take my Medicare deductions from the previous 4 years?

This is the 1st time I have taken Medicare B and N deductions on my 2025 taxes. I just learned that I could. Is there any way to take these deductions going back now 4 years when I enrolled in Medicare?  I am self employed. Every little bit of deduction helps. Thank you. Steven F.

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2 Replies
Vanessa A
Employee Tax Expert

Can I take my Medicare deductions from the previous 4 years?

Yes, mostly.  You can go back and amend your returns for the prior 3 years to claim the Self Employed Health insurance deduction.  You have three years after the date your filed your original return or 2 years after the date you paid the tax, whichever is later, to amend your return. So if you filed all of your returns on time, you would not be able to do the one from 2021 or before to claim a refund. 

 

For your 2022 return, assuming it was filed and paid on time, you would need to Amend it by April 15, 2026 in order to claim a refund. 

 

However, prior to amending, be sure you did not claim this deduction  without knowing it.  If you entered your SSA-1099 into TurboTax, and it included Medicare Premiums, it may have transferred to your business.   You would find this on Schedule 1 Part II line 17 for 2024 if you were given the deduction. This does NOT show on Schedule C.  It is an above the line deduction on Schedule 1.  You may also see form 7206 for 2023 and 2024. Medicare B may have been transferred, but your Medigap premiums, you would have had to enter. 

 

Also note, that your self-employed health insurance deduction is limited to your profit.  It cannot create a loss.  

 

Deducting Health Insurance Premiums If You're Self-Employed

 

How to file an Amended Return

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Can I take my Medicare deductions from the previous 4 years?

Vanessa,

Thank you very much for the detailed response! , I will double check to see if I have taken unaware. Steven.F

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