Can I deduct Medicare part B in my taxes?

Answer Medicare part B is a form of heath insurance. Health insurance premiums are tax deductible under medical expenses on your itemized deductions. Any insurance premium, including Medicare part B, can ... Read More »

Top Q&A For: Can I deduct Medicare part B in my taxes

How much do I deduct from my check for Medicare?

On One Hand: Employees Pay One-Half of Medicare TaxMedicare tax is calculated by multiplying total wages by 2.9 percent. There is no limit to the amount of wages subject to medicare tax. However, e... Read More »

Can a person have both Part A and Part B coverages from Medicare if they meet eligibility requirements?

Answer Yes. Part A is for Hospital, Part B for Doctors. To get Medigap Coverage you must have both.

What is the difference between medicare part a and part b?

Medicare is a federal program that provides medical insurance for elderly and disabled people in the United States. It covers inpatient hospital care, outpatient medical treatment and prescription ... Read More »

Do I have to be enrolled in Medicare Part B to sign up for Part D?

No, you do not have to be enrolled in Medicare Part B in order to sign up for Medicare Prescription Drug Coverage (Part D), provided you are enrolled in Medicare Part A; either Medicare Part A or M... Read More »