Yes, you can deduct Medicare premiums. However, to do so, you must itemize deductions using Schedule A filed with your Form 1040, and you can only deduct medical expenses that exceed 7.5% of your AGI (adjusted gross income).

Here’s an example:

Let’s say your AGI is $40,000. That means you can deduct Medicare premiums and any other medical expenses that exceed 7.5% of that, or $3,000. So, if your medical expenses add up to $4,500, you could deduct $1,500 along with all of your other itemized deductions.

Don’t miss a single credit, deduction, or dollar you’re owed when you file your tax return. Plan ahead, keep track of your expenses, and talk taxes with a pro to make sure you get the tax refund you want when you file. Book your appointment today.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 07, 2025
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*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.