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

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.