Self employed medical insurance deduction of not?

Forum|Forum|1 year ago
April 2, 2025
1 reply
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Hi. Thanks for reading this.

My wife and I are both retired (age 72) and filing jointly. My wife did unplanned paid tutoring earned $960 in 2024. I believe we must report this via Sched C but I'm open to being corrected if I'm wrong.

Although both my wife & I have filed Sch C for self-employment in the past, we have not been self employed (no Sched C) for a couple of years. This tutoring is by request and will only continue as long as the current students are being tutored--possibly a few weeks to beyond this year.

We both pay for Medicare insurance via deductions from our monthly benefits. The Medicare coverage is managed as a Medicare Advantage plan through my wife's lifetime coverage from her teacher's retirement. I have the same coverage by paying the fee for spouse coverage (via deduction from her monthly distribution). My wife also has an individual dental policy we pay for directly.

My question is this--does any of this medical insurance qualify for the self-employment medical insurance deduction? If you have an answer, I'd appreciate you citing the basis for your answer from whatever IRS regulation applies.

Thanks, Eddie

Not A Product Question

DianeW777

Yes, you can use your Medicare premiums and the dental premiums as a self employed medical insurance deduction. You will find supporting information in the links below.

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install4youAuthor

Thanks for answer.

I'm sorry I'm missing this but I can't find where to enter this info in TT H&O.

KeshaH

In TurboTax Home and Business (desktop version), on the Business tab, you would scroll down to Less Common Business Situations and click Start next to Self-employed Health Insurance.