Solved: Health Insurance Marketplace with Self-Employed
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
vbm5be
New Member

Health Insurance Marketplace with Self-Employed

If I make an income through a W-2 and self-employment, can I tie in my marketplace Health Insurance for a greater deduction? 

Thank you

1 Best answer

Accepted Solutions
MinhT1
Expert Alumni

Health Insurance Marketplace with Self-Employed

If you are both an employee and self-employed, you can consider that the Marketplace policy is for your self-employed business and deduct the premiums paid out-of-pocket (adjusted by the additional premium tax credit or the repayment of premium tax credit) as Self-employed 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"

View solution in original post

1 Reply
MinhT1
Expert Alumni

Health Insurance Marketplace with Self-Employed

If you are both an employee and self-employed, you can consider that the Marketplace policy is for your self-employed business and deduct the premiums paid out-of-pocket (adjusted by the additional premium tax credit or the repayment of premium tax credit) as Self-employed 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"

View solution in original post

Dynamic AdsDynamic Ads
v
Privacy Settings