4 ms·
Do you pay self-employment tax? If so you can likely deduct the cost of your medical insurance for yourself and your family. I deducted $6,157 for myself and my
by akcreek 9y ago
Do you pay self-employment tax? If so you can likely deduct the cost of your medical insurance for yourself and your family. I deducted $6,157 for myself and my wife last year through my single member LLC. Line 29 on IRS form 1040 [0].
[0] https://www.irs.gov/pub/irs-pdf/f1040.pdf https://www.irs.gov/pub/irs-pdf/f1040.pdf