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Itemized Deductions Schedule-A


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Old 02-11-2014, 08:44 PM
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Self-employed/1099, want to deduct health insurance but applied under spouse's name

My husband works for a small business and is not offered health insurance and I will be an independent contractor this year. We have purchased our own insurance through the marketplace under his name. Would we still be able to deduct it although I am the independent contractor?



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Old 02-11-2014, 11:25 PM
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Originally Posted by slade362 View Post
My husband works for a small business and is not offered health insurance and I will be an independent contractor this year. We have purchased our own insurance through the marketplace under his name. Would we still be able to deduct it although I am the independent contractor?
as you can see,you ,as 1099 worker,to are entitled to claim deduction on account of health insurance expenses incurred by you on the insurance of your own self and family, unless you are eligible for employer-provided health coverage, either through your own job, your spouse's job, or COBRA coverage.

The policy must be taken out by you to qualify for that deduction. You can deduct a policy you take out that offers family coverage under this deduction. But your spouse’s separate policy is not deductible as part of your self-employed health insurance deduction. but his policy premiums are only deductible as part of the itemized medical and dental expense deduction on Sch Aof 1040. he must have medical and dental expenses equal to more than 10% of his federal agi for 2013 to qualify for deduction. Any medical expenses and dental paid out of pocket, including after-tax medical insurance premiums, fall into this category. Unless he is part of an employer’s plan, all the dollars he spends on medical insurance premiums are eligible as part of an itemized deduction on sch a aslongas he itemizes deductions on your return



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