What MEDICARE PART B means: Medicare Part B covers a portion of doctor bills and outpatient services. The premium is withheld from the benefits of social security recipients. Go to the Social Security Administration Web site for the current year premium. The premiums are deductible on Schedule A.
- Definition Main Home:
- Dictionary See "principal residence," defined elsewhere in this glossary medicare part b definition.
- Definition Medicare Wages:
- Dictionary Total wages paid to an employee that are subject to Medicare tax. This amount doesn't include tips, which are reported separately medicare part b explain.
- Definition Married Filing Jointly:
- Dictionary that can be used by taxpayers who are married at the end of the tax year and not legally separated under a final decree of divorce or separate maintenance. The income, deductions, and credits of both medicare part b what is.
- Definition Modified Accelerated Cost Recovery System (MACRS):
- Dictionary depreciation system used for most property placed in service after December 31, 1986. But ACRS (see Accelerated Cost Recovery System) must be used for certain property acquired from a related party medicare part b meaning.
How works Medicare Part B meaning in Tax definitions M .
