QUESTION:

Can self-employed deduct health insurance?

Last Updated 07.08.2020

SUGGESTED INFORMATION:

No.

Schedule C or F filers are capped by the amount of their owner compensation replacement, calculated based on 2019 net profit

For self-employed individuals, including Schedule C or F filers and general partners, retirement and health insurance contributions are included in their net self-employment income and therefore cannot be separately added to their payroll calculation.