Medicare Premium

[SKLBI]

The medical comparison for 2021 vs. 2022 on the Deductions and Credits page is significantly different year to year even though all individual medical category values were similar year to year.  It is significantly different because the Medicare taken out of Social Security is added to the Medical Deductions final total in 2022 summary but not in 2021 summary.  Because of this, the refund is all of my estimated taxes (taxable income now 0). This seems like a mistake since this was not the case in 2021 or any prior year.  

Was there a tax change or is this an error in TurboTax?

For Turbo Tax 22, under Personal, Deductions, Medical "How much did you spend on insurance premiums", I only entered values in excess of the Medicare benefits taken out of Social Security.  The Medicare benefits were entered on the Social Security page.   The "how much did you spend..." page indicates those Medicare values that were previously entered as a sentence (not editable there).  But like I said, they are added to the Medical Deductions.

[Mike9241]

your post is a little confusing to me.  the medicare premiums paid are what's on the Social Security tax form and flow to medical expenses. in addition, you can include as medical expenses amounts you paid out of pocket in 2022 for qualified medical expenses net of reimbursements.  the total of  these expenses is reduced by 7.5 % of your adjusted gross income. then this net along with other schedule A expenses must exceed your standard deduction for 2022 which is as follows for itemized deductions to benefit you. Turbotax should have chosen the best option for both 2021 and 2022

2021  in parentheses

Single $12,950 (12550)
Married Filing Jointly or Qualifying Widow(er) $25,900 (25100)
Married Filing Separately $12,950 (12550)
Head of Household $19,400 (18800)
There is an additional standard deduction of $1,400 (1350) for each of the following on a joint return
or only for the taxpayer if married filing separate
Taxpayer over 65
Spouse over 65
Taxpayer blind
Spouse blind
The amount of the additional standard deduction increase is $1,750 (1700)for taxpayers who are claiming the “single” or “head of household” filing status and over 65 or blind

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it is very possible that in 2021 the standard deduction exceeded your itemized deductions.  

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review schedule A for both years and then the standard deduction line 12a for 2021 line 12 for 2022

[SKLBI]

Thanks for your reply.  I figured it out.  I'll explain in case it helps someone else.   I compared 2021 and 2022 by viewing the 2022 forms before submitting. I didn't know that was an option.

Both years used itemized deductions. Line 12A/12 were very different even though all income/deductions are fairly similar.    Looking further I realized that the value shown on the insurance premiums screen with the sentence "Medicare premiums you already entered from SSA-1099s:"  seemed very high.   I went back to the Social Security Section and the value for Medicare Part B premium was incorrect.  I have no idea how it had the number it did since it is nowhere on the SS statement and not similar in any way to the actual value.  I corrected that number and the medical expenses are now in the ballpark of last year and the taxable income and refund seem reasonable.

Thanks again.