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1272
Level 1

Medicare Part B Premiums

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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3 Replies

Medicare Part B Premiums

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.

**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.**
1272
Level 1

Medicare Part B Premiums

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.

PattiF
Expert Alumni

Medicare Part B Premiums

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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