Comments for Social Security Income Tax Reporting

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 11, 2017
Rating
starstarstarstarstar
Social Security Medical Income Tax Deduction
by: Stephanie

Hello Ralph. Thank you for your question regarding if you have to report the medical insurance amount that is automatically deducted from your social security.

When you report your social security income on your income tax report, you will first enter the total social security received from box 5 and then you will enter the medical deduction on a separate line item so that it will flow through to self-employed health care or Schedule A medical deductions if applicable.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Return to Social Security Income Tax Reporting.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?