self employed medical premium deduction

Forum|Forum|1 year ago
February 25, 2025
2 replies
13 views

couple MFJ Husband retired has family retiree medical benefits, both pay medicare premiums, wife is self-employed, has LTC premiums. Can any medical or medicare or LTC premiums for either or both be deducted on her schedule c? It is very confusing language, can anyone clarify this for me please?

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sjrcpa

Level 15

None of these are deductible on her Schedule C.

Maybe you mean are they deductible as self-employed health insurance premiums?

The more I know the more I don’t know.

J

Jackie66Author

Level 3

Sorry Semantics. "The amount that would be able to claim on Schedule 1? " The directions seem to contradict each other.

Thanks

J

Jackie66Author

Level 3

Sorry to ask this question again but I failed to ask exactly what I needed to know. So here goes , Couple MFJ, husband is retired and has family retiree medical benefits, both are covered by medicare, wife has long term care insurance and is self-employed. Can any medical, medicare or long term care premiums go on Schedule 1 as an above the line deduction? It looks like because the husband has family retiree medical that those premiums are a no go, but in the next breath, looks like medicare premiums are eligible for both or maybe not? Then maybe only the wife's long term care premiums? Can anyone help with this?

Many thanks

qbteachmt

Level 15

Here's your support article for how to enter this:

https://accountants.intuit.com/support/en-us/help-article/medical-tax-credits-deductions/entering-self-employed-health-insurance-deductions/L3v5ah19x_US_en_US?srsltid=AfmBOoqeSZedjSzFkimwF95YsyWHrwBTyV_x07aDILbThROZ0fEWf_Fu&uid=m7kz7i35

It doesn't go on the Sched C for the sole proprietor.

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