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Get your taxes done using TurboTax
The additional benefit for self-employed insurance is a deduction of the premium in calculating your adjusted gross income. It is not a tax credit.
You can claim the health insurance premiums write-off for months when neither you nor your spouse were eligible to participate in an employer-subsidized health plan. Premiums paid for a policy obtained through the Affordable Care Act would qualify for this deduction.
See the article below for additional information.
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Deducting-Health-Insurance-Prem...
You can claim the health insurance premiums write-off for months when neither you nor your spouse were eligible to participate in an employer-subsidized health plan. Premiums paid for a policy obtained through the Affordable Care Act would qualify for this deduction.
See the article below for additional information.
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Deducting-Health-Insurance-Prem...
‎June 4, 2019
2:19 PM