Medicare Premiums Paid Possibly Could Save You Money If You Itemize Your Taxes

I read a MarketWatch article by Bill Bischoff with tax tips that could possibly save you money if you pay Medicare Premiums and you itemize your taxes. Of course, always check with your accountant first!

Before you get too excited please keep in mind that because the Tax Cuts and Jobs Act greatly increased the standard deduction amounts for 2018-2025, fewer individuals will be itemizing. However having significant medical expenses (including those for Medicare health insurance premiums) may allow you to itemize and collect some tax savings. 

Click on web link below to read the entire article:

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