Can the cost of medicare insurance be deduct as medical expense?
Answers:
Absolutely.
It's an insurance to provide additional coverage against medical expenses and medical expenses are deductible (less the 3% of income rule) therefor you can reduce by the expense.
Only if you are self employed.
Yes, under reliable circumstances. You do NOT have to be self-employed. Go here to read more: http://www.irs.gov/publications/p502/ar0...
Look contained by the section titled "Insurance Premiums."
depends on what u are chitchat about.. For food stamps (only if u are disabled or over 65), for religious group. 8, yes.. If u itemize taxes, I don't know..
If you are discussion about the amount of medicare excise withheld from your pay or the cut of self-employment tax you retribution then the answer is no. There is a specific revenue ruling that say this is a tax not medical expense.
If you are chitchat about the amount withheld from your monthly social deposit check then the answer is yes because this is truly medical insurance.