read_connect(); //$GLOBALS[ezoic_db]->read->query("use 17things"); ?>

How do I deduct health insurance premiums from my taxes when I am self-employed?

We are losing my wife’s health insurance and are going to be taking out a private health insurance policy. I am self-employed and think I can deduct the premiums from my taxable income.

Does anyone know if that is the case? I would appreciate anyone who could point me in the right direction.

Related Items

4 Responses to “How do I deduct health insurance premiums from my taxes when I am self-employed?”

  1. angelina said:

    yes

  2. wrnbby said:

    yes, next year when you file (or later in the year, if you file quarterly for business purposes) you can deduct that as part of your self employment expenses. I am self employed (but not insured) and when i just recently filed i remember seeing that as one of the deduction lines, along with other expenses.

  3. the tax lady said:

    If you establish the policy in the name of the business (or your name if a sole proprietor), then you can deduct the premiums on the front of the 1040, line 29.

  4. Adeline Sevadjian said:

    I have been looking for this information for quite some times. About four and a half hours of continuous searching, at last I found that in your web site. I wonder why Bing never display this type of useful websites in the top of the list. Usually the first few websites are junks. Maybe its time to change to another search engine.




Message:

[newtagclound int=0]

Subscribe

Recent Comments

Recent Posts

Archives