Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

Need to know Medicare Part Premiums and0 Medicare

Customer Question
Need to know Medicare...

Need to know Medicare Part B Premiums and0 Medicare Prescription Drug Premiums (Part D) deducted from my account, for tax purposes.

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.

Need these two items for my 2016 tax return.

Accountant's Assistant: Is there anything else important you think the Retirement Accountant should know?

Not that I know of.

Submitted: 1 year ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 2 minutes by:
3/21/2017
Social Security Expert: lev-tax, Tax Advisor replied 1 year ago
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 33,319
Experience: Taxes, Immigration, Labor Relations
Verified

You will need to report social security benefits before any deductions.

Ask Your Own Social Security Question
Social Security Expert: lev-tax, Tax Advisor replied 1 year ago

But separately - you may deduct both Medicare Part B Premiums and Medicare Prescription Drug Premiums (Part D) as medical expenses.

Let me know if you need help with reporting.

Ask Your Own Social Security Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a social security expertLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask lev-tax Your Own Question
lev-tax
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 33,319
33,319 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

lev-tax is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

dylatess

dylatess

ATTORNEY

3,467 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,582 satisfied customers

Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level

LawTalk

LawTalk

Attorney

3,071 satisfied customers

I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.

R. Klein, EA

R. Klein, EA

Accountant

334 satisfied customers

Tax & Social Security Benefits specialist

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

233 satisfied customers

Licensed in multiple jurisdictions, experienced business attorney.

AttorneyTom

AttorneyTom

Attorney

16 satisfied customers

Attorney

Stephanie O Joy, Esq

Stephanie O Joy, Esq

Soc. Sec. Attorney

3,283 satisfied customers

22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.

< Previous | Next >

Related Social Security Questions
My employment insurance expires today. I was told by
my employment insurance expires today. I was told by Pharmacy that i need to get Part D for prescriptions. How do I get this card … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I draw a very small amount of SS. It all goes to Medicare
I draw a very small amount of SS. It all goes to Medicare (plus I pay some extra to Medicare to make up the difference). Do I need to report the SS money as income on my incomes taxes or since it is t… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I thought everybody across the board paid the same premium
I thought everybody across the board paid the same premium for medicare … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
565 satisfied customers
I receiverd a letter fr. I receioved a letter from social
I receioved a letter from social security that I am to be charged for Medicare D in 2018. I do not carry Medicare … read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
My social security deduction for medicare needs to be
My social security deduction for medicare needs to be discussed … read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
I received a letter from SSA regarding my monthly SS
I received a letter from SSA regarding my monthly SS payment. They have decreased my amount (they say) due to an increase in income. I DID NOT HAVE an increase. The reason my 1040 showed a higher amou… read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
I just received my irmaa statement and the adjustment went
I just received my irmaa statement and the adjustment went up because of my 2016 taxes. The taxes went up because of the sale of a beach cottage purchaed in 1980. This was a one time increase and I've… read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
I was surprised to see in my latest SSI notice that my
I was surprised to see in my latest SSI notice that my benefit is going down this coming year. Is this happening to a lot of people? … read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
SS # 045 96 1349. My Wife is retiring this December 2017 and
Hi My Name is***** ####-##-#### My Wife is retiring this December 2017 and my Health Insurance is with her, Is it time for me to get Social Seurity Benefits? … read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
I have 2 questions 1. I have just been approved for SSDI.
I have 2 questions 1. I have just been approved for SSDI. Much to my surprise because SSDI was backdated 2 yrs, I am now eligible for Medicare. This morning while while working with the broker handlin… read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
How will the income from the sale of my house affect my
How will the income from the sale of my house affect my Medicae payment. It will indicate a much higher "income" than is normal. … read more
abci168
abci168
Principal
27 satisfied customers
Received ss benefits at age 62, now 68 Medicare premiums
received ss benefits at age 62, now 68 Medicare premiums reduced by $2,100 a year due wife stil working and gross/net income still high. When she retires and income greatly reduced, will I receive thi… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
2016 ssa-1099 form in box 3 it says medicare prescription
2016 ssa-1099 form in box 3 it says medicare prescription drug premiums part d deducted from your benefits $61.20 what dose that mean? … read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
199 satisfied customers
I and my wife have re-enrolled in part & d having previously
I and my wife have re-enrolled in part b & d having previously been covered by a employer plan up to this re-enrollment. I have submitted the required forms ( including previous employer form ) which … read more
lev-tax
lev-tax
Tax Advisor
Bachelor's Degree Equivalent
33,319 satisfied customers
What is the deduction for Medicare and the deduction for Prescriptions,
What is the deduction for Medicare and the deduction for Prescriptions, from a SS Pension? I am an American Citizen planning to return to the U.S. and currently receiving my pension in Australia.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,665 satisfied customers
For 2014 my social security shows a deduction for prescription
For 2014 my social security shows a deduction for prescription drugs. I am not enrolled in part d , a HMO, ppo, etc. why am I being charged a prescription that I am not part of?… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
are there any prescription plans for those on social security
are there any prescription plans for those on social security dissability and do not qualify due to spouse's income and owning a home? if so, where can we find the information? thank you… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I am about to enroll in an AARP United health care prescription
I am about to enroll in an AARP United health care prescription drug plan at $33.10 a month starting 1/1/12. But if I understand correctly, in addition I must pay an IRMA of $69.10 which will be deduc… read more
TaxTom
TaxTom
Accountant
Bachelor's Degree
14 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x