Your Retirement Calculation

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In this video, we explore the question Are Medicare Premiums Tax Deductible in 2023? and break down the rules and regulations around Medicare Taxes. The video explains the two ways to take medicare premium tax deductions on your federal income tax returns, either by itemizing medicare premium tax deductions or using the standard deduction. • The standard deduction amount varies depending on income, age, filing status, etc. The video explains which taxpayers are forced to itemize, including those who file a tax return for less than 12 months or who are non-resident aliens. On the other hand, certain taxpayers, such as non-resident aliens who are married to U.S. citizens, are eligible for the standard deduction. The video highlights that itemizing deductions, which include medical and dental expenses, may reduce taxes. • However, it's important to note that the information provided is not tax advice, and it's recommended to speak with an accountant for more specific information. • Marvin Musick from Medicare School discusses the standard deductions for different filing statuses, the additional deductions for those 65 or older, and much more that you'll have to watch to find out! • If you're searching for answers on whether Medicare Premiums are Tax Deductible in 2023, this is the video for you! • ✅ Watch the internet's #1 Online Medicare Educational Workshop for FREE: https://www.medicareschool.com/get-th... • ✅ To get 1 on 1 Help from our Team, Schedule a Call Here: https://www.medicareschool.com/talk-t... • ✅ Join our weekly live Q A through our Facebook group (click the link and press Join : https://www.facebook.com/groups/medic... • • #medicare #retirement #medicareschool #medicareplans #medigap #medicaresupplement

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