If you are self-employed and pay for your own health insurance, you can deduct the full premium above the line, lowering your income directly whether or not you itemize.
See how it works through one simple example.
A self-employed person might pay around nine thousand dollars a year in premiums out of pocket.
You can deduct the full amount, even if you take the standard deduction.
It is a rare above-the-line deduction that lowers your income directly.
Slide to your number.
This is a rough guess. Connect your account to see your real number, down to the dollar.
A simple federal estimate to show the idea, not a tax filing. Real numbers depend on your full situation and current limits, which we confirm before you act.
Connect your account and we confirm your eligibility and the exact numbers.
Free to check. Nothing happens until you say so.
The honest version.
No. This is an above-the-line deduction available even with the standard deduction.
Generally your net self-employment income for the year.
Often yes, including a spouse and dependents, subject to the rules.
Connect an account or upload last year's return. No card to get your number.
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