In 2020, my wife and I were both self-employed independent contractors. My wife also worked 10-15 hours per week for a local non-profit as office staff and was not offered any health insurance benefits. We plan to file as married filing jointly.
Since January 1, 2020, our medical insurance coverage has been through my former employer's early retirement plan. The early retirement medical coverage extends favorable rates to retirees for several years as an incentive to retire early.
My 2020 1095-C statement from my former employer shows the code 1G for all months: "1G. You were NOT a full-time employee for any month of the calendar year but were enrolled in self-insured employer-sponsored coverage for one or more months of the calendar year. This code will be entered in the All 12 Months box or in the separate monthly boxes for all 12 calendar months on line 14."
The medical insurance premiums we paid in 2020 were not pre-tax. While I got a final severance check in Jan 2020 the earnings statement shows no pre-tax deductions for health care insurance.
On one hand, these medical insurance premiums are not pre-tax. But on the other hand, it's employer- sponsored/subsidized coverage.
Can we claim these premiums as a self-employed health insurance deduction?
