Health Insurance Premiums
Health Insurance Premiums
Health Insurance Premiums may be deducted on your income tax return if you itemize deductions for you, your spouse, and your dependents. They are added to the rest of your medical expenses that must meet the 7.5% of adjusted gross income floor.
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You might be able to include part of your self-employed Health Insurance Premiums on page 1 of your Form 1040, if you meet certain requirements.