woodbutcher
Well-known Member
I realize that my question is not tool-related, but this forum seems to have some participants who have experience with tax matters, so I'd like some opinions about my situation. My wife and I are retired and on pension for me and annuity for her as a retired teacher. We have healthcare offered by her former employer, and we make quarterly payments to Medicare for Part B. I sold all my cattle last September and leased out my pastures and haymeadows. There is a provision allowing a self-employed health insurance deduction including Medicare premiums. We are not eligible for the deduction for our health coverage, but shouldn't our Medicare premiums still qualify for the deduction just like anybody else's would?
Butch
Butch