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).
Related Resources
Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.
Are political contributions tax deductible? Before signing a check, learn the difference between charitable giving and political donations at H&R Block.
Do you know what your tax filing status is? Learn how to determine and check your tax filing status with H&R Block.
Trying to determine the cost of tax preparation or H&R Block’s prices? Find out why there is no one-size-fits-all answer when it comes to tax prep.
