I am self-employed. May I treat my Medicare payments as medical insurance premiums for purposes of the self-employed health insurance deduction on page 1 of IRS Form 1040? Also, should I decide to create a Section 105 medical reimbursement plan, can I reimburse Medicare as part of the Section 105 medical reimbursement program? (M.S., Dover, Del.)
The answer to your question depends on the type of Medicare. The answers follow:
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Medicare A—Not deductible if you are covered ... Log in to view full article.