Medicare IRMA Surcharge

[sarigreene]

Is the IRMS Medicare Surcharge considered part of the premium for tax deduction purposes?

[Bsch4477]

Yes. The total amount you pay for Medicare premiums is a medical expense deduction if you itemize. Only an amount of total medical expenses greater than 7.5 percent of your AGI can be deducted. 

[sarigreene]

Thanks for your reply but it doesn’t answer my question. I am self-employed and can deduct my health insurance premiums. The question specifically is - is the IRMA surcharge considered to be a part of the premium. 

[Bsch4477]

Yes, it’s part of the deductible premium. If you file jointly and your spouse also has a Medicare premium that also can be deducted.