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Returning Member
posted Oct 27, 2021 2:47:41 PM

Health Insurance Where to Post

There seems to be 2 options for Health Insurance for self-employed.

Do the affordable care act premiums get added into general health expenses?

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1 Replies
Expert Alumni
Oct 27, 2021 2:53:53 PM

If you are self-employed, you may be eligible to deduct premiums that you pay for medical, dental and qualifying long-term care insurance coverage for yourself, your spouse and your dependents.

  • This health insurance write-off is entered on page 1 of Form 1040, which means you benefit whether or not you itemize your deductions.

Here is great information on deduction health insurance premiums if you're self-employed.

https://turbotax.intuit.com/tax-tips/home-ownership/deducting-health-insurance-premiums-if-youre-self-employed/L6bRhLaVE

 

I hope you find this helpful!