turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Denise83
New Member

Medicare and insurance premium deductions for self employed

I am self-employed and my spouse is currently not working (semi-retired).  I pay for Medicare and supplemental insurance as well as insurance premiums for my spouse who doesn't qualify for Medicare yet.  Can I deduct all the premiums as self- employed business deductions?

I would appreciate advice and instruction. Thanks

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Vanessa A
Employee Tax Expert

Medicare and insurance premium deductions for self employed

Yes.  If you are self-employed and covered only by Medicare and a supplemental insurance, you can include all of your Medicare premiums as self-employed health insurance.

 

You will enter this in the business expenses section under Other Common Business Expenses>>Health Insurance.  

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question