ThomasM125
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Self employed

Since you have a premium tax credit, you have to factor that into how much you can deduct for your self-employed health insurance deduction. You can't get the deduction and the tax credit using the same insurance expenses. There is a complicated calculation that TurboTax uses to determine how much of your insurance premiums are deductible for self-employed health insurance purposes. Once that amount is determined, any excess is deductible as itemized medical expenses. You can learn more in this IRS article.

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post