Tax Deduction and Medicare

Medicare premiums for Part B, Part D, supplement premiums for added insurance, out-of-pocket costs (such as copayments, prescription expenses) are indeed tax-deductible. However, you can only deduct expenses that exceed a certain portion of your income, so if you earn too much or don’t spend enough, you’re out of luck. Read article here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.