2246032
turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
lesa-allengaithe
New Member

Is Medicare tax withheld considered a medical insurance premium?

 
posted
‎May 2, 2021 5:08 PM
last updated ‎May 02, 2021 5:08 PM
0
3
494
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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
0
468
Reply
Bookmark Icon
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
0
467
Reply
Bookmark Icon
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
0
464
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics

Unlock tailored help options in your account.

Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

feliciameowhiggins
AndrewA87
LNEL1
shikhiss13
kare2k13

Did the information on this page answer your question?

thumb-up Yes
thumb-down No
close icon
checkmark

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

and start working
on your taxes

File your taxes, your way

Get expert help
or do it yourself.

Get started
close icon
icon help

Access additional help, including our tax experts

Post your question

to receive guidance
from our tax experts and community.

Connect with an expert

Real experts - to help
or even do your taxes for you.

Get started