Submitted By: someone
Answered: April 26, 2018 9:51 pm

I am a senior who is self-employed and on Medicare. Can I deduct my premiums as an adjustment to gross income?

Yes. The IRS has indicated ( that all Medicare premiums are similar to other health insurance, and that this deduction rule extends to Medicare premiums for coverage of a self-employed individual’s spouse, dependent, or child under age 27.

Tax Glossary

Constructive receipt

A tax rule that taxes income that is not received by you but that you may draw upon.

More terms