- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Can I deduct health ins when Self Employed?
Where to enter Self Employed Health Ins
Self Employed health Insurance does not go directly on Schedule C so it will not reduce your Net Profit or self employment tax.
If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.
‎April 16, 2023
12:38 PM