Deductions & credits


@Kevinp1964 wrote:

I did speak with a CPA about the entire issue and he said if we did receive a 1095c with 1A in Box 14 and the price for the plan was not affordable we could take this deduction. 


That is absolutely not true.  Again, that has to do with the Premium Tax Credit (and the definition of "not affordable" is very specific, not just because you don't think it is affordable) not the Self Employed Health Insurance deduction.

 

But if you don't have traditional health insurance, that probably does not qualify anyways.

 

As a side note, the Standard Deduction has nothing to do with the Self Employed Health Insurance deduction.  If you had qualified, you could use both.