If you’re self-employed and not structured as an S-Corp, you may be eligible to deduct your health insurance premiums “above the line” on your personal tax return (Form 1040), even if you don’t itemize.
Requirements:
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You must have net profit from self-employment.
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The policy must be in your name or your business’s name.
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You (or your spouse) must not be eligible for employer-subsidized coverage elsewhere.
What’s deductible:
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Health insurance premiums (medical, dental, vision)
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Long-term care insurance (limited by age)
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Premiums for spouse, dependents, and children under 27 (even if not dependents on your return)
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