Thursday, July 29
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Health Insurance

Deducting Health Insurance Premiums When You’re Self-Employed

FHA 203k Loans, Health Insurance
In this day and age, health insurance is something that we all need to have but have different ways of getting it. Health insurance is expensive. If you work for a company that offers insurance, you won’t have to worry about deducting it from your taxes, but if you have been paying out-of-pocket for your health insurance and living on a self-employed income, you might be able to deduct the total dollar amount from your taxes. There are specific criteria you will have to meet in order to be able to make this deduction. In this article, we will discuss what the self-employed health insurance is and how you can deduct your monthly health insurance premiums.  What is the self-employed health insurance deduction? Because it doesn’t require itemizing, the self-employed health insurance...