New User ? Sign Up  |  Sign In  |  Help
StrangeQuestions
Get the Answers at StrangeQuestions.com!
ask
answer
explore
Search for questions :
My Profile

boC27mar

Open Questions Bookmark and Share

How do I deduct health insurance premiums from my taxes when I am self-employed?


I want to teach my niece the proper way to use her premium when paying her taxes. I hope someone can give information.

2440 day(s) ago

    Comment(s) (0)
    Report Abuse
   Find Interesting  
   Email to Friends  
   Bookmark  
   Subscribe to Answer Alert  
No comments yet !!!     Be the first to comment !!!
Answers (2)

ankit123k1
Really you can do it easily. If you are self employed, then also there are ways one can reduce the premium. Here on the FAQ section on the site you can find so much information.
https://www.berkshireinsurance.com/health-insurance/health-insurance-faqs


Posted 2330 day ago

( 0 )
( 0 )
    Comment(s) (0)
   Report Abuse
No comments yet !!! Be the first to comment on this answer !!!


LaglGwy321
Yes, that can be done. There are facilities for self-employed to deduct the tax. The most advantageous of health insurance is this tax deduction. You just have to register with your proprietorship business or the work you do according to 1040. After getting approved you can deduct the insurance premium of health insurance. It can also be found in IRS 535 for self-employed health insurance and long term care deductions. You can also consult with an accountant to be more careful and accurate. When you are following 1040 also think about the state returns. Must be careful with the fact that is the state taxes are lower than the federal. Hope it helps with your wife’s health insurance.

http://2healthinsurance.net/

Posted 2440 day ago

( 0 )
( 0 )
    Comment(s) (0)
   Report Abuse
No comments yet !!! Be the first to comment on this answer !!!

Edit your answer. Click save when done.
Question Title How do I deduct health insurance premiums from my taxes when I am self-employed?
Your Answer
Character Count ( Max. - 5000 ) : 118
Email this question link to friends
Please enter e-mail address and name for each friend..
Friend #1 -
Friend #2 -
Friend #3 -
Friend #4 -
Friend #5 -
  Your comment on this question
Max Allowed : 5000 Characters Current Count : 0
  Your comment on this answer
Max Allowed : 5000 Characters Current Count : 0