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	<title>New answer on: Can A Self Employed Person Deduct Health Insurance?</title>

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		<title>By: Joe 'Gravy' Graves</title>

		<link>https://insurancelibrary.com/health-insurance/can-a-self-employed-person-deduct-health-insurance</link>

		<dc:creator>Joe 'Gravy' Graves</dc:creator>

		<pubDate>Thu, 24 Mar 2016 14:32:48 +0000</pubDate>

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		<description><![CDATA[WOW... a lot has changed regarding that subject just since 12/2015. The IRS is a total mess when it comes to this subject. The answer is YES... &#038; NO... SO MUCH depends on your company structure (Sole Prop, LLC, C or S Corp)... Your role and how you are paid is vital to know. 

The Tax Code.... sucks... It should be allowed...easily. Yet it is not. Silly that if you had a &quot;group plan&quot; for you and ONE employee, then YES, the destructibility is there. Yet as a one person shop (assumption being made here), it&#039;s NOT easy. Reach out if you have any more questions. -gravy.]]></description>

		

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		<title>By: James Elbaum</title>

		<link>https://insurancelibrary.com/health-insurance/can-a-self-employed-person-deduct-health-insurance</link>

		<dc:creator>James Elbaum</dc:creator>

		<pubDate>Sat, 19 Apr 2014 17:50:30 +0000</pubDate>

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		<description><![CDATA[The best way to get deductions on your taxes using health insurance is to purchase a HIGH Deductible Health Plan (HDHP) and open a health savings account (HSA) with it. &#160;The money you put in the HSA over the coarse of the year is tax deductible with the following limits:


$3300 - Individual 2014
$3300 + $1000 - Individual 2014 (55+ Contribution)
$6550 - Family 2014
$6550+ $1000 - Family 2014 (55+ Contribution)

To learn more about HSA coverage visit CLM Insurance Group
]]></description>

		

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		<title>By: Edward Harris</title>

		<link>https://insurancelibrary.com/health-insurance/can-a-self-employed-person-deduct-health-insurance</link>

		<dc:creator>Edward Harris</dc:creator>

		<pubDate>Sat, 25 May 2013 13:20:16 +0000</pubDate>

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		<description><![CDATA[Deducting your healthcare premiums is not only possible, but makes financial sense. I&#039;ll use myself as an example.

I have been an insurance broker for 33 years so there may not be a better resource. I own an HSA (along with the High-Deductible-Health-Plan) and have been a supporter of this type of policy for many years.

Although I may file my taxes differently than yourself, I am able to deduct a portion of the premiums along with the proceeds that are deposited into the HSA.

A self-employed person can deduct health insurance on their taxes in a number of ways. However, whether you use Turbo-Tax or simply complete your own tax return without help, it s always wise to consult a tax expert or the IRS website regarding deductibility of health insurance.

And remember that premiums and actual expenses may be treated differently as well persons that itemize vs. not itemizing.]]></description>

		

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