Where do I enter the amount of Medicare Premiums for itemized deductions?
To enter the amount of Medicare premiums for itemized deductions, you must first input this information in the SSA-1099 section of your tax return. Specifically, you can enter these amounts by following these steps:
- From the left-hand menu, click on Federal.
- Then, click on Income.
- Under Social Security Benefits, click on Show More.
- Select Start/Edit next to Social Security Benefits - SSA-1099.
- Complete the fields labeled for Medicare Premiums.
The amount entered in the SSA-1099 section will automatically be reflected in your itemized deductions if you are claiming them on Schedule A (Form 1040). This ensures that your Medicare premiums are properly accounted for as a medical expense deduction, subject to the 7.5% of adjusted gross income (AGI) floor for medical expenses.
Source:
Publication 225
Publication 519
Publication 575
Disclaimer: Always verify details with the official Federal or State Department of Revenue Forms and Instructions.