Medicare Part B and Part D premiums
$185-$600/mo
Can You Write Off Medicare Part B and Part D Premiums?
Short answer: Yes, Medicare premiums count as medical expenses; self-employed people may deduct them above the line.
Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your total itemized deductions beat the standard deduction ($16,100 single / $32,200 joint for 2026).
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Medicare Part B and Part D premiums
Typical range: $185-$600/mo
Individuals / Personal Taxes
Yes, Medicare premiums count as medical expenses; self-employed people may deduct them above the line.
Business justification
Yes, Medicare premiums count as medical expenses; self-employed people may deduct them above the line. Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your total itemized deductions beat the standard deduction ($16,100 single / $32,200 joint for 2026).
Category
- Personal Tax Deductions