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.

Why do they always deduct Medicare tax from my paychecks yet I don't have any form of health assistance?

"Hey government, why don't you help me pay another doctor by giving me my Medicair/are money back so I can make it to 65?"Where, pray tell, do you think the 'government' would get the money to "pay... 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 »