I had HCA and my husband has Medicare. We are both self employed. Is it better to put my additional Medical premiums ($2300 total) in Schedule A? Or under the SE area… I assume SE since it comes off the AGI and not subject to 7.5%. Just checking since there are two places to put it.
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If you are Self-Employed you will generally receive a bigger benefit if you claim it under the Self-Employed section simply because this is a dollar for dollar reduction of your business income and not subject to the 7.5% of AGI floor.
If you are Self-Employed you will generally receive a bigger benefit if you claim it under the Self-Employed section simply because this is a dollar for dollar reduction of your business income and not subject to the 7.5% of AGI floor.
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