Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-02-2017, 12:48 AM
Junior Member
 
Join Date: Apr 2014
Location: Seattle, WA
Posts: 2
Deduct Health Insurance pay by spouse's plan

I am self-employed. My spouse as a full-time job with employer-provided health insurance. I pay $70/month to be added to my spouse's health insurance. Can I deduct my costs of $70/mo on my Schedule C?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-02-2017, 02:31 AM
Moderator
 
Join Date: Oct 2010
Posts: 4,588
it depends; You can't deduct the costs of health insurance if your spouse was eligible to participate in a subsidized group health plan through an employer This might be the case if your spouse becomes employed and is eligible for coverage under a group plan



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Deduct health insurance in LLC Roxy Limited Liability Company 4 11-19-2014 05:25 PM
Self-employed/1099, want to deduct health insurance but applied under spouse's name slade362 Itemized Deductions 1 02-11-2014 11:25 PM
What is the "Minimum Essential Coverage required by a Health Plan" by taxpayers in order to avoid incurring the Health Insurance penalty? TaxGuru Medical 0 02-03-2014 02:32 PM
LLC Deduct Health Insurance Premium SandiJ Limited Liability Company 1 02-01-2011 02:42 AM
deduct health insurance premiums from rental income sawscjs Rental Real-Estate 1 03-12-2009 01:40 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning