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Deductions & credits
@MaryK4 wrote:Yes, for the Self-Employed Health Insurance deduction, you can deduct any expenses you paid that were not subsidized, including the Long Term Care insurance.
@MaryK4 I think that sounds reasonable, but unfortunately https://turbotax.intuit.com/tax-tips/home-ownership/deducting-health-insurance-premiums-if-youre-sel... seems to say otherwise:
You can only 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.
So I think that would apply to only medical premiums, not all of the other mentioned types of premiums (like dental and long-term care) if those others are not subsidized and offered to the taxpayer? Is the TurboTax tip page incorrect about that?
March 14, 2021
10:40 PM