- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Why is my business tax deduction limited?
I am using TurboTax 24 to do what if for 2025. My business income in 2025 is $8958. The deductible SE tax is $633 and I have $1980 in health insurance premiums, which I enter as a business expense. These are my only business deductions. TurboTax says my Schedule 1 health insurance deduction is $1575. Why is the health insurance deduction limited?
Topics:
3 weeks ago