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Deductions & credits
Only your medical insurance premiums qualify for the self-employment medical expenses deduction. You can also include medical insurance premiums for your spouse, your dependents and any of your children who are under age 27 at the end of the year, even if that child is not your dependent.
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.
If you have any other out of pocket medical expenses, those can be deducted on Schedule A, Itemized Deductions subject to 10% of your AGI limitation.
In order to enter the Health Insurance Deduction into TurboTax,
- Login to TurboTax Self Employed
- Click Take me to my return
- Click the Business tab, then Continue
- Click I'll Choose What I Work On
- Scroll down and click Start (or update) next to Self-employed Health Insurance
- Continue to answer the remaining questions regarding your Health Insurance.
‎June 3, 2019
5:33 PM