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.
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.
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.