I have a question about health insurance tax deductions. If I was self-employed for only a few months, can I deduct health insurance premiums I paid all year long?
Maybe. Health insurance tax deductions may be taken under certain circumstances.
You can deduct health insurance premiums that you paid as a self-employed health insurance premium only for the period you:
- Were self-employed
- Weren’t eligible for employer-subsidized health coverage through your or your spouse’s employer
You can claim the health insurance premiums you paid when you weren’t self-employed if both of these apply:
- You itemize your deductions.
- Your expenses are more than 10% of your adjusted gross income (AGI).
Find out if you can claim the standard deduction if your spouse itemizes their deduction but you are filing separately with help from the tax experts
Learn about the tax implications of prepaid mortgage interest and real estate taxes to determine if you can deduct them or not from the tax experts at
Learn if you can deduct Medicare premiums with advice from the tax experts at H&R Block.
Learn how to deduct student loan interest with H&R Block. Get information about qualified education expenses and see if a student loan tax deduction applies to you.