Self employed insurance deductions

[ChitownCraig]

I heard I can deduct insurance premiums for the self employed. I was a rideshare driver from March till the end of the year. My daughter was on traditional insurance, but my wife and I were on christian health share. I was wondering if I could deduct both of those premiums. My wife's work doesn't offer insurance.

[HelenC12]

Yes, if your daughter is your dependent, you can deduct traditional health insurance premiums for March through December.

No, for federal income tax purposes you can't deduct a voluntary medical cost sharing ministry because it is not health insurance.  

• Your share payment is also not deductible as a charitable donation.

Note: For residents of Missouri: For all taxable years beginning on or after January 1, 2007, if you made contributions to a qualifying health care sharing ministry in 2019, you may be eligible for a deduction on your Missouri income tax return. A health care sharing ministry is defined as a faith-based, nonprofit organization that assists members who have financial, physical, or medical needs.

• Per MO-1040 Instructions If you made contributions to a qualifying health care sharing ministry, enter the amounts you paid in 2019 on Line 16.