I entered my SSA- 1099 which shows I paid $723 for Part B. Turbo Tax automatically put that in as a medical deduction. I am retired and not self employed and medical expenses do not exceed 7% of gross. Are these premiums deducible? If not, how do I remove?
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They are not deductible if you are not itemizing but there is no need to remove them. You just will not have a Schedule A if your itemized deductions do not exceed your standard deduction.
Sorry, I am still not clear on this issue. I do qualify to itemize and am doing so, but am not a business owner. I find it hard to believe that my Medicare part B contribution is deductible, but Turbo Tax automatically placed in it the medical deduction section.
Medicare Part B is a deductible medical expense. Your medical expenses will be included on the Schedule A. But since your expenses do not exceed the required amount, they will not be included in the total of itemized deductions.
Please see pages 5 to 15 for includible medical expenses: Publication 502.
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