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Returning Member
posted Feb 29, 2020 7:24:25 AM

Turbo Tax not calculating Medical Deduction Correctly

I have a total of $14,193 in medical expenses for 2019, but the Turbo Tax number shows up as $20,446.

How can I override that so I'm reporting the correct amount?

0 9 1474
9 Replies
Expert Alumni
Feb 29, 2020 8:00:07 AM

Check to see if medical insurance premiums were entered automatically by TurboTax and then again by you.  TurboTax will automatically add medical insurance premiums reported on SSA-1099 (Medicare) and also will add any self-employed health insurance premiums that are not eligible for the "self-employed health insurance" deduction (i.e., that exceed your self-employed income).  Also, if you had to repay Advance Premium Tax Credit in 2019, that additional amount for health insurance may be added to your medical expenses.

 

Otherwise, check your entries in the Medical section of deductions and credits.

Level 15
Feb 29, 2020 8:31:59 AM

Did you happen to receive Social Security benefits with Medicare deducted?  If so, the amount deducted from your SS flows over to medical expenses when you enter your SSA1099.

Returning Member
Feb 29, 2020 9:23:23 AM

Thank you!  It was the Medicare premiums deducted from Social Security that made up the difference!

Returning Member
Feb 29, 2020 9:25:14 AM

Thank you for the reply - and yes, it was the Medicare premiums deducted from the Social Security that made up the difference!  I forgot about those.

Level 15
Feb 29, 2020 9:26:54 AM

you are welcome!

Returning Member
Oct 14, 2020 9:21:07 PM

So just want to make sure, if I have to replay back all the advanced Premium tax credits for the Marketplace insurance, as a self-employed individual, I can then take the total annual premium and deduct it as a business deduction?

Level 15
Oct 15, 2020 8:55:49 AM


@memes homestead farm wrote:

So just want to make sure, if I have to replay back all the advanced Premium tax credits for the Marketplace insurance, as a self-employed individual, I can then take the total annual premium and deduct it as a business deduction?


 

Yes.  However, don't enter it.   After entering (or editing) your 1095-A, check the self employed box.  The program should put the proper deduction where it belongs.

Not applicable
Oct 15, 2020 9:20:33 AM

the deduction appears on schedule 1 line 16

Returning Member
Oct 15, 2020 9:35:38 AM

Thanks that is what I did, schedule 1 line 16 but wanted to check.