Why are my self-employed health insurance premiums subject to the 7.5% limit? Shouldn't they be 100% deductible?

Forum|Forum|1 year ago
February 25, 2025
1 reply
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My income is multiplied by 7.5% and my premiums do not exceed that so I don't get a deduction on my itemized return.

Best answer by DoninGA

@pmazzara1 On screen following entry of the Form 1095-A Let us know if these situations apply to you

Did you check the box labeled I'm self-employed and bought a Marketplace plan

RobertB4444

You are entering your self employed health insurance in the wrong place and it is therefore being treated as a regular itemized deduction. Delete the information that you have entered there. Then-

Go back to your schedule C
Click 'edit' next to your business
Scroll through til you get to business expenses and click on 'All Other Expenses'
Enter your premiums under 'Self Employed Health Insurance Premiums' in that area.

TurboTax will add the necessary forms and enter the deduction in the correct place for you.

@pmazzara1

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pmazzara1Author

Thanks for the reply. I went back and added it to the Schedule C, however, information I entered under 1095-A automatically goes to Schedule A (itemized deductions). In order to delete that, I have to delete the information from 1095-A, and won't that flag the return since that information will be missing? My deduction is zero because it is less than 7.5% of my gross income, however it still shows up under schedule A. Not sure how to get around entering it twice unless I remove the 1095-A information.