Submitted By: Scott
Answered: October 26, 2015 11:31 am

Do Medicare benefits count as income for determining whether I have to file my return? Do I pay taxes on Medicare benefits?

No. Medicare benefits are tax free; they don’t count as income for determining filing and are not taxed. What’s more, Medicare premiums are tax deductible if you itemize your personal deductions and don’t claim the standard deduction.

Tags: Medicare
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Tax Glossary

Flexible spending arrangement

A salary reduction plan that allows employees to pay for enhanced medical coverage or dependent care expenses on a tax-free basis.

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