If an individual is self-employed, they may take a deduction for health insurance expenses that are incurred for __________.

Question

Quizplus · Accepted Answer

If an individual is self-employed, they may take a deduction for health insurance expenses that are incurred for himself or herself, as well as for their spouse and their dependents. This is true regardless of whether the self-employed person's spouse or dependents work in the business. However, prior to claiming such a deduction, the individual must calculate their allowable health insurance deduction.

If an Individual Is Self-Employed, They May Take a Deduction