Regarding the advance premium tax credit, if i made too much and owe a penalty, can i deduct that cost off my self-employed insurance thing since I'm paying it anyway?

michirooo · ‎June 6, 2019

kerriP · ‎June 6, 2019

Do you mean can you deduct the amount of the penalty assessed for the advance premium tax credit and include it as self-employed health insurance?(presumably for 2018) Sorry, penalties are never deductible. If I misunderstood your question, please provide more information.

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kerriP · ‎June 6, 2019

Do you mean can you deduct the amount of the penalty assessed for the advance premium tax credit and include it as self-employed health insurance?(presumably for 2018) Sorry, penalties are never deductible. If I misunderstood your question, please provide more information.

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Regarding the advance premium tax credit, if i made too much and owe a penalty, can i deduct that cost off my self-employed insurance thing since I'm paying it anyway?