Though I enter my healthcare insurance premium ($3600) on my business income/expenses field (schedule C line 15 box) , it doesn't lower my taxes. Why not ?

[rickalex1956]

Whether I enter $3600 or $0, the taxes is the same. Why doesn't $3600 entry lower my taxes ?

[DoninGA]

If you do not have a net profit from your self-employment the health insurance premiums paid will not be used as a business expense.  They will be entered on Schedule A as a personal itemized medical deduction.

[Critter-3]

ONLY Health insurance paid  for your EMPLOYEES go on the Sch C itself  ... do not enter your own health insurance there.  Be very sure where you enter the personal insurance so the program can calculate the adjustment to income ( not a Sch C deduction) ... read the screens carefully... 

[leeloo]

Self-employed health insurance is an adjustment to income. As stated previously, if you have a Schedule C loss, it can't be taken. If you are able to take advantage of it, it would be deducted on the 1040 and affect your overall income. It will not count against social security and medicare taxes.