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April 10, 2024
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Can I deduct IRMA charges even if my total medical costs are below 7.5? of my AGI? Is this a tax or a medical expense?

  • April 10, 2024
  • 2 replies
  • 0 views
It seems this added cost for the same medical coverage should classify this IRMA cost as a tax
Best answer by rjs

In spite of how it seems to you, the IRMAA amount is an additional premium for Medicare. It's a medical expense, not a tax.

 

2 replies

Employee
April 10, 2024

Are you referring to the IMRAA surcharge for Medicare?  If so, that charge was included in medical expenses when you reported your social security payment and automatically transferred to Sch A. 

rjs
rjsAnswer
Employee
April 10, 2024

In spite of how it seems to you, the IRMAA amount is an additional premium for Medicare. It's a medical expense, not a tax.

 

Pete7566Author
April 13, 2024

Thank you!  I assumed it was a medical expense but wanted to confirm before filing.