I am a statutory employee and my company does not offer Medical Insurance. My wife has an employee sponsored policy but had to pay a significant amount to add me to her policy. Can I deduct that amount on my Schedule C?
You'll need to sign in or create an account to connect with an expert.
Unfortunately, no. If you or your spouse could participate (even if you declined coverage) in an employer's health plan at any time during a given month, you cannot take the deduction for that month. However, payments for those months are deductible on Schedule A if you itemize deductions and the premiums were paid with post-tax funds.
Unfortunately, no. If you or your spouse could participate (even if you declined coverage) in an employer's health plan at any time during a given month, you cannot take the deduction for that month. However, payments for those months are deductible on Schedule A if you itemize deductions and the premiums were paid with post-tax funds.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
Sachin Kunagalli
New Member
tzmudka
New Member
pixiedust-123
New Member
chriscdf
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.