The sudden, and secret, allowance of Medicare Part B as a self-employed insurance cost appears magically to make bigger deductions for a select few.

Generally, the IRS issues guidance in some fashion before changes are made in the Form 1040 instructions. Not in this case. The first word on this new tax-benefit allowance appears in the instructions.

Original Disallowance

In 1995, the IRS in field service advice stated: “Because Medicare Part B is a federal program available only to those who qualify under ... Log in to view full article.