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Is "Medicare Part" premiums deductable if so where do I find…

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Is "Medicare Part B" premiums...
Is "Medicare Part B" premiums deductable if so where do I find
the proper question in Turbotax?
I used Turbotax
Submitted: 7 years ago.Category: Tax
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Answered in 3 minutes by:
2/8/2011
Tax Professional: Wallstreet Esq., Tax Attorney replied 7 years ago
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 17,267
Experience: 10 years experience
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Wallstreet Esq. :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarificati

Wallstreet Esq. :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification.

Wallstreet Esq. :

Medicare Part B is a supplemental medical insurance. Premiums you pay for Medicare Part B are a medical expense. If you applied for it at age 65 or after you became disabled, you can include in medical expenses the monthly premiums you paid.

Wallstreet Esq. :

You can deduct certain medical and dental expenses you paid for yourself, your spouse, and your dependents, if you itemize your deductions on Schedule A (Form 1040)

Wallstreet Esq. :

You can deduct only the amount of your medical and dental expenses that is more than 7.5% of your adjusted gross income shown on Form 1040, line 38.

Wallstreet Esq. :

When you are usinf turbo tax, you list the expenses on schedule A, and itemize the deductions.

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 17,267
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