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Level 2
March 9, 2025
Question

Self-employed health insurance deduction

  • March 9, 2025
  • 1 reply
  • 5 views

The amount on Schedule 1 (Additional Income and Adjustments to Income) Line 17 was incorrect, so I deleted my 1095-A. I must have entered the amount I paid for insurance premiums elsewhere, as a deduction is still calculating even without the 1095-A. How can I find the premiums I entered so I can remove it, and just re-enter the 1095-A?

It is showing in Less Common Business Situations/Self-employed Health Insurance. When I hit Update, it just tells me that it is deducting an amount attributed to Schedule C, but I don't have an expense in my Schedule C for health insurance. Any insights are appreciated.

1 reply

Level 15
March 17, 2025

You may have entered your health insurance premiums in the section for itemized deductions - medial expenses.   When you say the amount on line 17 was incorrect, did you take in to account any adjustment from Form 8962 for excess advance Premium Tax Credit repayment?  Also, the deduction is limited to the amount of your self-employment net income.   

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goose341Author
Level 2
March 17, 2025

I ended up deleting the full Schedule C and reentering. Taxes have been accepted so I know the 1095-A is in correctly and I think the tax/refund made more sense to me.