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Level 1

Where to enter medicare b premiums if self employed

Where can you enter Medicare Premiums to deduct as self employed health insurance, and do you then not enter them on the SS Income Page?

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Level 1

Where to enter medicare b premiums if self employed

Yes - You can enter the Medicare B premiums as self-employed health insurance premiums.  [It will show as a deduction on Schedule 1 of Form 1040, line 29.]

If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To enter the Medicare premiums, please follow these steps:
  1. On the Your 2018 self-employed work summary screen, click on Edit next to your business. 
  2. On the Here's your [business] info screen, click on the box Add expenses for this work
  3. On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Health insurance premiums and click Continue at the bottom of the screen.   
  4. Enter the amount and description on the next page.  If you need more than one entry, click on Add another row. 



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Level 1

Where to enter medicare b premiums if self employed

Yes - You can enter the Medicare B premiums as self-employed health insurance premiums.  [It will show as a deduction on Schedule 1 of Form 1040, line 29.]

If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To enter the Medicare premiums, please follow these steps:
  1. On the Your 2018 self-employed work summary screen, click on Edit next to your business. 
  2. On the Here's your [business] info screen, click on the box Add expenses for this work
  3. On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Health insurance premiums and click Continue at the bottom of the screen.   
  4. Enter the amount and description on the next page.  If you need more than one entry, click on Add another row.