| IRS disallows S/E Health Insurance Deduction to offset S/E Tax Liability in 2011!
For the tax year 2011, the self-employment health insurance deduction no longer offsets the self-employment tax.
However, for the Tax Year 2010, "self-employed employees were able to reduce the amount subject to self-employment tax on Schedule SE by the amounts paid for health insurance premiums."
But, as in prior years, Self Employed Taxpayers can still take the self-employment health insurance deduction on Form 1040 as an adjustment to income.
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