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    • Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
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    Re Social Security, is the Part B deduction considered a penalty or a tax?

    Arthur48
    Level 1
    ‎03-09-2021 08:14 AM
     
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    2 Comments 2
    TaxGuyBill
    Level 15
    ‎03-09-2021 09:54 AM

    "Part B" is Medicare, not Social Security.

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    qbteachmt
    Level 15
    ‎03-09-2021 10:58 AM

    So, the answer to: "considered a penalty or a tax?"

    is: Neither.

    It's Health Insurance.

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