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March 31, 2025
Question

In Home & Business where do I enter Medicare B & Supplemental Ins (AARP) payments?

  • March 31, 2025
  • 2 replies
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2 replies

VolvoGirl
Employee
March 31, 2025

Go to

Business tab-Continue

Choose Jump to Full List -or I'll choose what I work on

 

Then…..

Business Income and Expenses - Click the Start or Update button

 

Then click EDIT by the business name and the next screen should be a list of  topics,

Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.

 

Under Business Expenses, Click Start or Update by Other common business expenses

Then click Update by Insurance Payments

Then click Update by Health Insurance Premiums

 

Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 29, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 schedule 1 line 29, and the remainder gets added in to medical expenses on Schedule A.

 

If it is deducted from your Social Security then delete it from ss and enter it under self employment.  

 

 

DawnC
Employee
March 31, 2025

Those are entered in the Medical Expenses section of TurboTax.   Where do I enter my medical expenses?  

 

To deduct medical, dental, or vision costs on your federal return, you have to itemize your deductions instead of taking the Standard Deduction.   For most people, the Standard Deduction produces the best outcome on your taxes. You can read our article to learn more about the differences.    If you itemize, you can deduct medical expenses that exceed 7.5% of your adjusted gross income (AGI).

 

Here's how to enter your medical expenses in TurboTax:

  1. Open or continue your return.
  2. Navigate to the Schedule A section:
    • TurboTax Online/Mobile: Go to Schedule A.
    • TurboTax Desktop: Search for Schedule A and then select the Jump to link.

 

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