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?
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.
Learn more about the home equity loan deduction and get tax answers at H&R Block.
Can you claim your new A/C or heating unity as a nonbusiness energy property credit? Learn more from the tax experts at H&R Block.
What vehicle expenses are you allowed to deduct when you are self-employed? Learn more from the tax experts at H&R Block.
Learn whether you can deduct mileage for medical care from your taxes with advice from the tax experts at H&R Block.