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lesa-allengaithe
New Member

Is Medicare tax withheld considered a medical insurance premium?

 
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‎May 2, 2021 5:08 PM
last updated ‎May 02, 2021 5:08 PM
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3 Replies
Critter-3
Level 15

Is Medicare tax withheld considered a medical insurance premium?

NO ... medicare tax withheld from your wages is not insurance premium. 

‎May 2, 2021 5:17 PM
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xmasbaby0
Level 15
Level 15

Is Medicare tax withheld considered a medical insurance premium?

Are you asking about the Medicare that is withheld from your paycheck and that is on your W-2?   No, that is NOT a medical insurance premium.  You do not enter anything about that except for when you enter it from your W-2.

**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.**
‎May 2, 2021 5:18 PM
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ToddL99
Expert Alumni
Expert Alumni

Is Medicare tax withheld considered a medical insurance premium?

No, Medicare taxes withheld from your W-2 wages are not considered medical insurance premiums - they are taxes.

 

If you are receiving Medicare benefits, however, Part B, C and D premiums are deductible medical insurance premiums.

 

‎May 2, 2021 5:21 PM
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