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Tag: Schedule 1 Deductions

How to Deduct Health Insurance Premiums as a Self-Employed Business Owner

Turning Healthcare Into a Write-Off Paying for your own health insurance is one of the toughest costs of working for yourself. Fortunately, the IRS offers the self-employed health insurance deduction, which can turn qualifying premiums into a valuable tax break. The Above-the-Line Advantage This deduction is generally claimed on Schedule 1 of your individual tax…

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