If both persons are self employed can you split the insurance premium between business?
Person A has Income of $10,000. but only has Health Insurance of $5,000.
Person B has income of $3,000, but has Health Insurance of $10,000.
Can Person A claim $10,000 on insurance, and Person B claim $5,000?
Thanks in advance.
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No
If you each have health insurance, then neither have a family plan, so neither can be shared.
Thank you as the IRS publication was not clean, but what you are saying makes sense.
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