Question

I have a question about deducting medical premiums. Can I deduct medical premiums associated with Medicare on my tax return?

Answer

 

Deducting medical premiums from your tax return is allowed in certain circumstances and depends on the type of Medicare premium:

  • Medicare A — You can only include Medicare A premiums if both of these are true:
    • You voluntarily enrolled in Medicare A.
    • You aren’t covered under Social Security.
  • Medicare B — This is supplemental insurance, and you can include it.
  • Medicare Part D — This is voluntary insurance and it’s always includable.

You can deduct medical premiums for Medicare and your other medical expenses. To do so, these must be more than a certain percentage of your adjusted gross income (AGI).

Depending on your age and the tax year, this percentage is either:

  • 7.5% of your AGI
  • 10% of your AGI

Report medical expenses on Schedule A, and you must itemize to deduct them. The payroll tax for Medicare is never a medical expense.

 

Related Topics

Related Resources

How Does Changing Jobs Affect Your Tax Return?

Changing jobs can come with tax implications like job search and moving expense deductions. Learn more about these potential benefits at H&R Block.

What Is an Enrolled Agent or EA?

What does it mean to be an enrolled agent? Learn more about the roles and requirements of enrolled agent (EA) tax preparers at H&R Block.

Filing for a Deceased Taxpayer

If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.

Charitable Giving Around the Holidays

Learn more about the potential tax benefits of charitable holiday giving. Your holiday donations may boost your refund, depending on the organization.