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Level 2
March 24, 2020
Solved

Medicare Premium Deduction

  • March 24, 2020
  • 1 reply
  • 0 views

In Wisconsin you're allowed to deduct your Part B Insurance Premiums.   But Turbo Tax doesn't do this.

 

I had the same problem last year and had to file an amended return.  Why hasn't this been fixed?

    Best answer by DaveF1006

    You may need to add this subtraction in manually as you prepare your Wisconsin return. 

    1. When you begin your Wisconsin return, there will be a screen that says "Here is the income Wisconsin Handles Differently"
    2. then go to medical>medical care insurance
    3. here you can enter the premium paid as a self-employed person, employed person, or unemployed person. If you are retired, enter this as an unemployed person.

    1 reply

    MaryK4
    Level 15
    March 24, 2020

    You must input your Medicare Part B premiums on the 'Her's the income that Wisconsin handles differently" under Medical- Medical Care Insurance.  

     

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    kandmmaceAuthor
    Level 2
    March 25, 2020

    Thanks.  I did that, but it doesn't transfer that amount to my Tax Form?

    DaveF1006
    DaveF1006Answer
    Level 15
    March 25, 2020

    You may need to add this subtraction in manually as you prepare your Wisconsin return. 

    1. When you begin your Wisconsin return, there will be a screen that says "Here is the income Wisconsin Handles Differently"
    2. then go to medical>medical care insurance
    3. here you can enter the premium paid as a self-employed person, employed person, or unemployed person. If you are retired, enter this as an unemployed person.
    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"