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Q: Self employed paid own health insurance how much can i deduct?
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Is business travel insurance tax deductible?

If you are self-employed you likely will be able to claim your travel insurance as a deduction. If you are not self-employed a portion of the travel insurance may be tax deductible.


Does self employment means you are employed?

If you are self employed, you are not directly employed by an organisation, you are working on your own account. Of course, this means that you have customers (we hope!), so you are indirectly working for other people. Self empolyed people are responsible for paying their own taxes, public insurance etc, so make sure you know where you stand financially. Yes, self employment means you are employed though work for yourself. In other words, you are in business for yourself.


Where can the information about self employed tax be found online?

The IRS website offers a lot of information on self employed tax. They describe "who is self-employed", "what are my obligations to paying taxes if one is self-employed" etc.


Does Bluecross Blueshield cover self employed people?

Yes, Bluecross Blueshield does offer insurance to self-employed people. You should contact your local Bluecross Blueshield agent to find what options are available in your area that would best suit your needs.


How does one start with being self employed?

If one wants to be self-employed, he/she is responsible for paying taxes and the National Insurance contributions. One needs to keep business records and details of his/her income so he/she can fill in an annual Self Assessment tax return. One also has to register for VAT.

Related questions

Can a Self employed person deduct health insurance premiums on their taxes?

Yes, beginning in tax year 2010, you can deduct health insurance premiums when arriving at income subject to SE tax.


Can you deduct your health insurance premium on your 2009 federal tax?

If you itemize your deductions, you pay for your health insurance yourself with after tax funds, or if you are self employed you may be able to deduct part or all of it in 2009.


What companies offer self employed health insurance?

Carefulcents.com lists health-insurance for the self employed. Along with resources to agencies that can provide information about insurance companies that sell this type of insurance, tips are provided for the self-employed concerning health and insurance.


What are some good companies that provide self employed health insurance plans?

Companies of health insurance for the self employed can be found at EHealthInsurance's website. They have a comprehensive list of companies that deals with available health insurance for the self employed.


Is it difficult to get health insurance if you are self employed?

The website provided below has a lot of information regarding self employed health insurance, how to get it or keep it. Explaining the benefits of COBRA as well as other options for buying health insurance. http://www.healthinsurance.org/learn/self-employed-health-insurance/


Where can one buy get health insurance if they are self employed?

Once can purchase health insurance if they are self employed from a variety of different places. This includes health insurance companies as well as some state healthcare providers.


Where can you apply for self employed health insurance?

You can apply for self employed health insurance online or you can go to an insurance agent to get your plan started. You would probably want to go to an insurance agent just so you know you are getting what you want.


Does Blue Cross Blue Shield offer health insurance for individuals who are self employed?

Yes Blue Cross Blue shield does offer health insurance to those who are self employed but there are restrictions and requirements as expected.


What health insurance policy is most suitable for someone who is self employed?

One who is self employed might find that the most suitable insurance policy would be against unemployment insurance. Many insurance companies offer such insurance.


What is the best health insurance for self employed people?

You could try healthinsuredirect.com which is an easy site to get heath insurance from. Not only will it cover you being self employed but it also covers other situations to such as: Short Term Health Insurance, Life Insurance, Child Insurance, Individual or Family plans!


Does personal health insurance cover a work related injury for a self employed person?

Work related injuries are generally excluded through health insurance


What health reform legislation of 1996 provided a boon to health insurance agents?

Self-employed people would be able to deduct 40 percent of health premiums from their 1997 taxes; in 1998-2002 the amount would increase to 45 percent and gradually keep rising to 80 percent in 2006