Self-Employed Health Insurance Deduction

The self-employed health insurance deduction is a tax deduction specially available to certain self-employed individuals who pay their own health insurance for themselves and their families. Qualified self-employed individuals are allowed to deduct 100% of their health insurance premiums (including long-term and dental care) for themselves and their families. It is not a business deduction but a special personal deduction for only self-employed ones. 

Who can be qualified for the Self-Employed Health Insurance Deduction?

  • An individual who has no other health insurance coverage: If an individual is already associated with an existing health insurance plan, he/she is not eligible for the self-employed health insurance deduction.
  • Has business income: The income must be from a single business, if a business doesn’t turn a profit, one can’t claim the deduction. 
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