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Can I file my 1099 NEC self-employed income as a source of income used to pay for my Marketplace plan?

A portion of my total 2024 income includes 1099 NEC income. Can I receive a deduction based on that income?
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1 Reply
Vanessa A
Employee Tax Expert

Can I file my 1099 NEC self-employed income as a source of income used to pay for my Marketplace plan?

Yes.  If you were covered through the Marketplace and you paid the premiums, when you enter the 1095-A, do this AFTER you enter the 1099-NEC, you will be able to select the "business" to link the Marketplace insurance to and use it as a self-employed health insurance deduction. 

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