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April 11, 2025
Question

Why won't Turbotax Premium add Medicate Part B Premiums and Long Term Care Insurance?

  • April 11, 2025
  • 1 reply
  • 0 views
I've entered medical expense detail but Turbotax will not add the Medicare Part B Premiums nor Long Term Care Insurance. It shows them in the question, but they are not added to the medical deduction.

1 reply

JohnB5677
April 11, 2025

Here are some of the limitations to Itemized deductions

 

To post Medical Expenses:

 

Log into TurboTax

  1. Under Federal
  2. Select Deductions & Credits
  3. Scroll down the list to Medical.
  4. Click the down arrow
  5. Choose Medical Expenses
  6. TurboTax will tell you the amount of medical expenses you need to be eligible for a deduction.
  7. It my look like you should be getting Itemized deductions based on the raw numbers,  but after crunching the numbers it may not be the best choice for you.

 

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veehbjAuthor
April 13, 2025

I have to itemize my deductions this year because my wife, who files a separate return needs to itemize her dedications.  I have two Limited Partnerships to enter this year and one of them won't sent the K-1 until June or July, so filed an extension.  I won't complete entry of the K-1s until the second one comes in.  

 

I have less itemized deductions than the standard deduction, but have to itemize.  The deductions are more than the 7.5% threshold to deduct them on Schedule A.  I found that Turbotax was using my uncompleted K-1s to figure the Medicare Part B and Long Term Care Premiums, and had different threshold limits.  I had to "force" the entries on Schedule A in order for Turbotax to include them to with Medical and Dental Expenses.  They are not part of the K-1 returns and I think this is a bug in Turbotax 2024 Premium.  I'll complete the K-1 entries when I file my final tax returns later this summer.  Not sure why Turbotax wanted to include them in the K-1 return?  This took a while to make work.

 

I appreciate your reply above.  Hope I've handled this correctly.  I tried to call Turbotax for help, but couldn't get through on the telephone.  Probably too close to the filing deadline.