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Level 1
posted Feb 28, 2024 9:15:10 AM

Workers compensation insurance premium

I am 1099 contractor and required for my assignments to carry workers compensation insurance. Is this deductible for me and where is it entered on the deduction section?

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1 Best answer
Expert Alumni
Feb 28, 2024 9:17:16 AM

Yes, it is a deduction.  When you complete your self employment section you will enter this under insurance Expense or you can use the Miscellaneous Expenses category.  The latter makes it easier to track.

1 Replies
Expert Alumni
Feb 28, 2024 9:17:16 AM

Yes, it is a deduction.  When you complete your self employment section you will enter this under insurance Expense or you can use the Miscellaneous Expenses category.  The latter makes it easier to track.