Deducting Medicare premiums

My husband and I retired in 2024. We paid Medicare premiums directly - deducted from our checking account

(we did not have premiums deducted from SS as we were waiting to collect SS in 2025). Can we deduct Medicare and Supplemental insurance premiums?

2731

Level 15

Mar 21, 2025 5:06:36 PM

They are a medical deduction if you itemize. You can only deduct an amount of total medical expenses greater than 7.5 percent of your AGI.

Expert Alumni

Mar 21, 2025 5:07:34 PM

Whether you can deduct your Medicare costs depends on your situation.

Medicare Part A premiums are deductible if you aren't covered under Social Security, you aren't a government employee who paid Medicare tax, and you voluntarily enrolled
Medicare Part B, C, and D premiums are deductible

They are entered with medical expenses and are deductible if you itemize your deductions as opposed to taking the standard deduction.