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I am self employed, but we pay $5,000 to my wife's employer for my health insurance. Is this deducted in my business expences?

 
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I am self employed, but we pay $5,000 to my wife's employer for my health insurance. Is this deducted in my business expences?

No.

Almost all employer insurance is pre-tax, so you can't deduct it again.

Also, the employer almost always pays for part of the cost of insurance.  That makes it "employer subsidized".  That disqualifies the Self Employed Health Insurance deduction.

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I am self employed, but we pay $5,000 to my wife's employer for my health insurance. Is this deducted in my business expences?

Is the policy in your name or your businesses name?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

I am self employed, but we pay $5,000 to my wife's employer for my health insurance. Is this deducted in my business expences?

It is a family policy covering my wife and I.

I am self employed, but we pay $5,000 to my wife's employer for my health insurance. Is this deducted in my business expences?

No.

Almost all employer insurance is pre-tax, so you can't deduct it again.

Also, the employer almost always pays for part of the cost of insurance.  That makes it "employer subsidized".  That disqualifies the Self Employed Health Insurance deduction.

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