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April 12, 2025
Question

Can I deduct medicare premiums I paid out of pocket?

  • April 12, 2025
  • 1 reply
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Can I deduct medicare premiums I paid out of pocket? I am covered by medicare but I do not take my social security yet.

    1 reply

    April 12, 2025

    Yes, if you can itemize your deductions you can use the amount you pay for medicare. 

    • Medical expenses must be greater than 7.5% of your income and only the excess will be used for your medical expense part of itemized deductions.
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