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Yes, self-employed individuals can deduct health insurance premiums on Schedule C as a business expense.

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5mo ago

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Can I deduct health insurance premiums on Schedule C?

Yes, self-employed individuals can deduct health insurance premiums on Schedule C as a business expense.


Can you deduct health insurance premiums you paid?

If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid from pre-tax income such as through a cafeteria plan, then you are not allowed to deduct the premiums.


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 insurance premiums as a medical expense on federal taxes?

Can I add my monthly health insurance payment from my employer to my medical deductions, such as medications prescribed, office visits, etc..


What percent of health insurance premiums can business deduct as business expense?

about 10-20% because of the off and on differences the health has. the 401(k) would most likely benefit from this.


Can health insurance premiums be deducted from your health savings account?

The premiums you pay for your health insurance are qulified medical expenses. Source: IRS.Gov


How can I find health insurance premiums on my W2 form?

Health insurance premiums are not typically listed on a W2 form. You can find information about your health insurance premiums on your pay stubs or by contacting your employer's human resources department.


Can self-employed individuals deduct health insurance expenses on their taxes?

Yes, self-employed individuals can deduct health insurance expenses on their taxes as a business expense.


Do congressmen pay for health insurance?

They pay premiums for their health insurance, as do other Federal Employees.


What percentage of health insurance premiums do employers typically cover for their employees?

Employers typically cover around 70-80 of health insurance premiums for their employees.


Where can I find information about health insurance premiums on my W2 form?

You can find information about health insurance premiums on your W2 form in Box 12 with the code DD.


Can you write off health insurance premiums on your taxes?

No