can medicare payments be deducted on taxes
Are Medicare Premiums and Medical Expenses Tax-Deductible? Itâs unfortunate that many seniors fail to claim all the tax deductions they can from year to year. Especially if you do your own taxes, itâs important to be aware that the vast majority of medical expensesâincluding Medicare premiumsâare tax-deductible. This includes medical expenses your spouse and dependents incur. That covers a lot of groundâfrom checkups and preventive care to treatments and long-term care.