Question

I am self-employed and have a question about my COBRA payments. Are COBRA payments tax deductible as part of the self-employed health insurance deduction?

Answer

COBRA payments and health insurance deductions are often confused. People frequently ask, “is COBRA health insurance tax deductible” and the answer is no the COBRA payments are not tax deductible.

Related Topics

Related Resources

Mortgage Interest Credit – Form 8396

Learn more about IRS Form 8396 and claiming the mortgage interest credit from the tax experts at H&R Block.

Can You Deduct Child Support?

Can you deduct child support payments from your taxes? Learn more from the tax experts at H&R Block.

Tax Implications For A Home Foreclosure

What are the tax implications if your home goes up for foreclosure? Learn more from the tax experts at H&R Block.

What Is Schedule A Tax Form? And How Does It Relate to Itemized Deductions?

For individual taxpayers, Schedule A is used in conjunction with Form 1040 to report itemized deductions. If you choose to claim itemized deductions instead of the standard deduction, you would use Schedule A to list your deductions. Your itemized total is then subtracted from your taxable income.