Skip to main content
April 13, 2025
Question

Medicare and insurance premium deductions for self employed

  • April 13, 2025
  • 1 reply
  • 0 views

I am self-employed and my spouse is currently not working (semi-retired).  I pay for Medicare and supplemental insurance as well as insurance premiums for my spouse who doesn't qualify for Medicare yet.  Can I deduct all the premiums as self- employed business deductions?

I would appreciate advice and instruction. Thanks

 

    1 reply

    April 14, 2025

    Yes.  If you are self-employed and covered only by Medicare and a supplemental insurance, you can include all of your Medicare premiums as self-employed health insurance.

     

    You will enter this in the business expenses section under Other Common Business Expenses>>Health Insurance.  

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"