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freoni
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deductions

On what form do I list my Medicare Supplement cost?

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deductions

If you are paying out of pocket for any medical expenses it is entered under Medical Expenses.   However, be aware that it is very difficult to get that deduction and have it affect your refund or tax due.

 

And....if it is paid from your Social Security then it is automatically entered when you enter your SSA1099 for the SS benefits received.  So do not enter it twice.

 

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 2020—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 Expense

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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