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April 14, 2025
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NJ - "including amounts paid under Social Security for Medicare"

  • April 14, 2025
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From this NJ state document in the Medical expenses deduction area: https://www.nj.gov/treasury/taxation/njit13.shtml 

 

This phrase - "including amounts paid under Social Security for Medicare" - what does this even mean?

Is that referring to: Box 6 on my W-2 (total YTD for Fed MED/EE on my last paystub of 2024)?

 

Or, is this referring to individuals who are collecting Social Security and paying for Medicare premiums?

 

I assuming it is referring to individuals who are collecting Social Security and paying for Medicare premiums, as I notice that adding up my FSA contributions, Medical, Dental, and Vision premiums to my federal wages (Box 1) equals my state wages (Box 16).

    Best answer by BillM223

    Yes, it is referring to the Medicare premiums you have taken out of your SS payment, like for Part B.

     

    That's good reasoning...

     

     

    1 reply

    BillM223Answer
    April 16, 2025

    Yes, it is referring to the Medicare premiums you have taken out of your SS payment, like for Part B.

     

    That's good reasoning...

     

     

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    April 16, 2025

    Thanks!