Question

I have a question about Schedule C health insurance issues. I opted out of my employer’s health insurance plan. Regarding Schedule C deductions, can I deduct the health insurance premiums my wife and I pay on my wife’s Schedule C?

Answer

No. If you or your spouse is eligible for coverage under an employer plan, you can’t claim the self-employed Schedule C health insurance deduction. However, you can claim the payments as itemized deductions on Schedule A.

Related Topics

Related Resources

Pennsylvania (PA) State Tax

Do you earn an income in Pennslyvania? If you answered yes, read on to find out more about how and when to pay your PA income tax.

Texas Tax Laws

Looking for information on Texas tax laws? Find out what you owe and why. Gain insight from the tax profressionals at H&R Block.

What Do Taxes and TSA PreCheck Have in Common?

Your life may get a little easier when you apply for TSA PreCheck enrollment. Find out what TSA PreCheck and taxes have in common at H&R Block.

Salary Advance Tax

Learn more about how a salary advance could potentially impact your return with help from the tax experts at H&R Block.