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Get your taxes done using TurboTax
It is pretty complicated, but your premium tax credit is factored into how much self-employed health insurance you can deduct. The reason for this is to prevent you from getting a benefit from a premium tax credit that is based on your health insurance premiums while also deducting the health insurance premiums, thus potentially giving you a double benefit.
There are two methods of calculating your self-employed health insurance deduction, the simplified calculation method and the iterative calculation method. This article explains how they work, the procedures are to voluminous to enter on this message board: SE health ins ded and premium tax credit
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‎February 28, 2024
5:24 PM
1,384 Views