Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 31, 2020 11:33:57 AM

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

0 1 198
1 Best answer
Expert Alumni
Mar 31, 2020 11:49:07 AM

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.

1 Replies
Expert Alumni
Mar 31, 2020 11:49:07 AM

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.