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Premiums for self-employed health insurance
As I understand the IRS code, the total of:
50% of Social Security
Solo-401K contributions
Health insurance premiums.
Cannot exceed the profit from the business, for that year.
Pease clarify, when I run TurboTax, that limit is not applied on the
"Adjustments to Income".
Topics:
‎February 23, 2023
10:03 AM