Question

I have a question about health care taxes an claiming my Medicare premium deduction. I pay Medicare premiums and supplemental insurance premiums. Do these premiums qualify for the self-employed health insurance deduction?

Answer

If you are self-employed you can determine if you qualify for a Medicare premium deduction and supplemental insurance premium deduction for you and the following individuals:

    • Your spouse
    • Your dependent
    • Your child who hasn’t reached age 27 by the end of the year

According to the IRS, the self-employed health insurance deduction is for medical, dental or long-term care insurance premiums that self-employed people often pay for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the end of the year. A child includes your son, daughter, stepchild, adopted child, or foster child. A foster child is any child placed with you by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction.

Additionally, if you are self-employed you can use premiums for all parts of Medicare to determine the self-employed health insurance deduction.

 

Related Topics

Related Resources

Five Things That Can Qualify or Disqualify You From the Earned Income Credit

Make sure you maintain your eligibility for the Earned Income Credit with five commonly confusing requirements and scenarios. Learn more with H&R Block.

What Are the E-File Requirements?

Let the experts at H&R Block explain the e-file requirements you must follow to e-file your return.

Calculating Quarterly Estimated Taxes

Need to know how to calculate estimated taxes? We're here to help. Get tax answers from H&R Block today.

Life Change Checklist: I Moved Out of State

There are tax items to think about when you move out of state. Check out this moving out of state tax checklist from H&R Block to learn more.