[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-1121":3},{"rec_id":4,"title":5,"text":6},"1121","Can I deduct the amount paid for self/family medical insurance coverage?","A self-employed taxpayer, who has a net profit for the year, may be able to deduct the entire amount paid for health insurance for themselves, their spouse, and their dependents on \u003Ci>Line 17 \u003C/i> of \u003Ci>Schedule 1\u003C/i>. \n\u003Cbr>\u003Cbr>\nYou can also include health insurance paid for children under the age of 27, even if the child is not your dependent.\n\u003Cbr>\u003Cbr>\nThe insurance plan must be established under your business. \n\u003Cbr>\u003Cbr>\nIf you were eligible to participate in any subsidized health plan maintained by your or your spouse's employer for any month or part of a month, do NOT include amounts paid for health insurance coverage to calculate the deduction.\n\u003Cbr>\u003Cbr>\nAll Medicare premiums can be used to figure the deduction.\n\u003Cbr>\u003Cbr>\nAlso, amounts paid for health insurance coverage from retirement plan distributions that were non-taxable can't be used to figure the deduction if you were a retired public safety officer.",1777391533693]