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I am self-employed, can I deduct the health insurance premiums paid during this year?

I am self-employed, and my husband works with me but does not get paid.I am covered by a health insurance plan that lists my husband as the primary. Can I deduct premiums paid during the year as my self-employed health insurance? 

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1 Reply
MinhT
Expert Alumni

I am self-employed, can I deduct the health insurance premiums paid during this year?

Yes, you can deduct your self-employed health insurance premiums if your husband works with you in your business.

In TurboTax Self-Employed, you enter your health insurance premiums in the Business Expenses section of your business.

The deduction is limited to the amount of net income (profit) of your business.

Go to Business Expenses > Other Common Business Expenses > Health Insurance Premiums 

TurboTax will transfer the amount to line 29 of Schedule 1 of form 1040.


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