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P
Paultcoxsr
February 3, 2022
Question

Are Medicare Part B premiums included if I take the standard deduction on my 1040?

  • February 3, 2022
  • 2 replies
  • 0 views
Are medicare part B premiums considered on my federal tax return?

2 replies

R
RBBrittain
Employee
February 3, 2022

No. Part B premiums are medical expenses, which are itemized deductions -- and then only to the extent your total unreimbursed medical expenses exceed 7.5% of AGI.

M
MinhT1
February 3, 2022

Medicare Part B premiums are health insurance premiums which could be claimed as Medical expenses.

 

Medical expenses are part of Itemized deductions.

 

If you take the standard deduction, itemized deductions do not count and Medicare Part B premiums have no effect on your tax return.

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S
SweetieJean
Employee
February 3, 2022

However, they may still be deductible on your State return.

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