Medicare premium deduction paid out of my pocket

[perkylzd]

I was forced to sign up for Medicare because my employer's coverage was not creditable.  I had to cancel my employers coverage to do this and sign up with Medicare within 90 days or face getting a 10% levy each year I DID NOT sign up because of the lack of 'CREDITABLE' employer insurance.  

Turbo tax is only offering 3 choices 1) is as if I purchased insurance on the health care market which is NOT TRUE 2) Health Savings account - NO  4) Medical Savings account - NO  5) Medicare Advantage MSA - NOT that either.  

I PAY OUT OF MY POCKET.  I am not collecting SS yet so it is not deducted from SS, it is deducted from my checking.  

I also have a GAP plan separately that lowers my co-pays etc.  But apparently that is not deductible.  

How do I try to claim at least the Medicare portion?  There are so many loop holes,  It just isn't fair to not be able to get a deduction.  And I feel like it's not fair the GAP plan isn't deductible at all.  

[xmasbaby0]

Health insurance premiums that you paid out of pocket can be entered as medical expenses.    For many people, entering them will not have any effect.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2024—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)