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 7.5% of your adjusted gross income (AGI).
Related Resources
Learn if you can deduct medical expenses on your state tax return with advice from the tax experts at H&R Block.
If you rack up job hunting costs, you could possibly deduct those expenses from your tax return. Learn more about deducting expenses from The Tax Institute.
Looking for more information about your Arizona refund? Find out details on how to check your refund status, who to contact, and more from H&R Block.
Learn more about claiming workers comp on your tax return from the tax experts at H&R Block.
