Self Employeed Health Insurance Deduction


M

mmurrell

Because of the recent health law change, I understand the health
insurance deduction can be deducted from self employement income
before SE tax is calculated for eligable SE individuals.

My client is an individual sole propietor, who is a carpet layers. He
purchases health insurance for himself and his wife. His business
does not have a separate name, and he does not have an office. He
simply goes from house to house and lays carpet for a profit, just as
he has done for 40 years. Can he deduct the cost of his insurance
form his SE income?
 
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A

Arthur Kamlet

Because of the recent health law change, I understand the health
insurance deduction can be deducted from self employement income
before SE tax is calculated for eligable SE individuals.

My client is an individual sole propietor, who is a carpet layers. He
purchases health insurance for himself and his wife. His business
does not have a separate name, and he does not have an office. He
simply goes from house to house and lays carpet for a profit, just as
he has done for 40 years. Can he deduct the cost of his insurance
form his SE income?

Sounds like it, if he has sufficient net income from self employment
to cover the health insurance premiums.
 

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