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dandyandy357
Returning Member

WA State FMLA Premiums

I can't find anywhere in turbotax to enter my self-employed WA State FMLA premiums.  I'm wondering if I can enter these as a business expense/deduction - but I'm unsure where I would put these or how to find out if they are deductible.

Thanks for any help

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3 Replies
Cynthiad66
Expert Alumni

WA State FMLA Premiums

For  self-employed health insurance premiums, follow these steps to enter them in the Home & Business version:

  1. With your return open, search for business expenses inside your TurboTax Home & Business program
  2. Select the jump-to link at the top of your search results
  3. On the First, select the expenses you know you had screen, select Edit next to your business
  4. Select Start or Update next to Other Common Business Expenses
  5. On the Let's write off some business expenses screen, select Start or Update next to Long-term care insurance

Additional Information for Self Employed Insurance

 

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 Part II of Schedule 1 as an adjustment to income and transferred to page 1 of Form 1040, which means you benefit whether or not you itemize your deductions.
  • Unlike an itemized deduction, this deduction treatment is beneficial because it lowers your adjusted gross income (AGI).
  • Having lower AGI can reduce the odds that you’ll be affected by unfavorable phase-out rules that can cut back or eliminate various tax breaks.
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dandyandy357
Returning Member

WA State FMLA Premiums

Thank you for the reply - but I am looking for but paid family and medical leave information, not 'insurance'.  The taxes I pay to this quarterly as a self-employed individual in WA state.  

Are these family and medical leave (FMLA) taxes/premiums deductible for my self employed/sole proprietor business??

WA State FMLA Premiums

In the state of Washington,  employers can provide paid family and medical leave benefits either through the state-run program, or purchase a voluntary private plan that provides benefits equal to or greater than the state minimum requirements. But self-employed individuals are exempt.

 

 IRS Pub. 535, states, "You can’t deduct premiums for a policy that pays for lost earnings due to sickness or disability." 

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