There's no dollar limit for the deduction, but it is limited to your net profit from self-employment. In other words, if your business doesn't earn a profit, you can't take the deduction.
Adjustment to Income happens when you enter as follows:
To enter the insurance premiums, you will do as follows:
- Go to the Business category.
- Go to the Business Income and Expense subcategory.
- Choose the option "I'll choose what I work on"
- On the screen labeled "Let's gather your business info", find the section labeled "Less Common Business Situations".
- Click start or update next to the line labeled Self-employed Health Insurance.
Self-Employed Health Insurance
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