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Are medicare part b premiums tax deductible?

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Yes is the short answer but there are some guide lines to be followed.

How Much of the Expenses Can You Deduct?

You can deduct on Schedule A (Form 1040) only the amount of your medical and dental expenses that is more than 7.5% of your AGI(Form 1040, line 38).
In this publication, the term "7.5% limit" is used to refer to 7.5% of your AGI. The phrase "subject to the 7.5% limit" is also used. This phrase means that you must subtract 7.5% (.075) of your AGI from your medical expenses to figure your medical expense deduction.
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Is my Medicare B premium already deducted when I receive my monthly SS check?

The answer is nothing because if you are 65 and a US resident you are eligible for medicare even if you do not receive social security. Answer: . If you are enrolled in Me

What is deductible for Medicare part B?

The Medicare Part B deductible is $135 in 2009, the same as it was in 2008. It is indexed to increase with the Part B actuarial. The lack of an increase in 2009 was an excepti

What is the deductible for 2010 for medicare part b?

Although not officially announced yet by CMS (Medicare) as of this date (10/13/09), it should remain the same as 2009 for most, if not all, folks in the low to medium income b

Who do you pay Medicare part B deductible to?

Medicare premiums are usually withheld from one's Social Security benefits. If not, the payment address is : Medicare Premium Collection Center P.O. Box 790355 St. Louis

What is deductible for Medicare part B for 2013?

The Medicare Part B deductible in 2013 is $147, a $5 increase from 2012. . Medicare beneficiaries pay the Medicare Part B deductible for services including doctor visits, lab