The National Directory of Certified Public Accountants

Ask A CPA - Small Business Services

As A Sole-Proprietor, Are My Health Insurance Premiums Deductible?

If you have self-employment income, then you can take a deduction for health insurance expenses incurred for yourself, your spouse, and your dependents. If you are reporting a loss from your self-employed activity, then you are not eligible to deduct your health insurance costs since this particular deduction is limited by your self-employment income

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