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Reporting Medicare premiums when self-employed

I am reporting my Medicare premium as a self-employed person on Schedule 1, Line 10.  The premium also appears on Form 1040 Line 6 (Social Security Benefits Worksheet), on Line B, but I think that's okay because it doesn't really affect the numbers. 

 

My question is, is it okay to still include them on line 6 where it asks for Schedule 1 information which includes Line 15, deductible part of self-employment tax, and Line 17, self-employed health insurance deductions, or is that double-dipping?

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2 Replies
CesarJ
Employee Tax Expert

Reporting Medicare premiums when self-employed

Reporting your self-employed Medicare premium on Schedule 1, Line 10 (which is generally for self-employed health insurance deduction) is correct. This amount reduces your adjusted gross income (AGI). The Social Security Benefits Worksheet on Form 1040, Line 6 uses information from Schedule 1 to determine the taxable portion of Social Security benefits. 

 

Including the Medicare premium deduction on both lines isn't double dipping. The deduction reduces your AGI first, which then affects the Social Security benefits calculation. The worksheet is designed to account for such deductions when figuring taxable benefits, so it correctly incorporates that adjustment rather than duplicating the deduction.

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Reporting Medicare premiums when self-employed

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