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Self-employed health insurance deduction - anon


Posted: Mar 02, 2014

My husband's employer offers health insurance benefits to spouses but doesn't pay any part of it.  I  was wondering if any of you ICs in the same situation still claim the self-employment health insurance deduction?  There doesn't seem to be a set definition of subsidized for this purpose.  Some claim that the spouse still gets a negotiated reduced rate to pay and the premiums are pre-tax, so it is subsidized.  Unfortunately, it would still cost over 3 times as much to be on this plan than to buy an individual plan.  Obviously, an expert answer is needed for legalalities, but I'm  curious what others are doing.

In same boat - ld

[ In Reply To ..]
Hi, I am in the same boat. I have a regular salary job, but the employer does not offer health insurance so I am having buy it out-of-pocket. I also do MT work as an IC so what my CPA told me is that I can deduct the expense of having to pay for health insurance, whether it be only as an IC or even as an employee. I hope this helps.

You are not in the same boat, unless I am - missing something.

[ In Reply To ..]
OP is getting coverage through spouse's employer, so deductible only on Schedule A.

You are not getting coverage through an employer, so can deduct on Schedule C or Schedule A.

I apologize if I misinterpreted what either of you wrote.


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