If you’re self-employed and have realized a net profit for the year, you may be eligible for the self-employed health insurance deduction. This is an adjustment to income, rather than an itemized deduction, for premiums you paid on a health insurance policy covering medical care, including a qualified long-term care insurance policy for yourself, your spouse and dependents. The policy can also cover your child who’s under the age of 27 at the end of 2025, even if the child wasn’t a dependent. The deduction applies only to premiums paid for months when neither you nor your spouse was eligible for employer-provided coverage. Contact us for more information or visit https://bit.ly/3X4MIFw
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