Self employed health insurance deduction

Helga
Helga Member Posts: 1 Newcomer
in Credits/Deductions

I am filling out the form 7206

Line 1 . Enter the total amount paid in 2024 for health insurance coverage established under your business..

What is the number I should put in to this Line, if I have a 1095A:

$3,533 Total Premium amount I’ve paid in 2024 out-of-pocket directly to my insurer

Or

$20,191 Annual Totals (enrollment premiums) from Form 1095A, Line 33?

Answers

  • KristineS
    KristineS FreeTaxUSA Agent Posts: 254

    Hi Helga,

    Follow these steps in this 2024 FreeTaxUSA article to determine the allowable amount of your health insurance premiums you may claim as a business expense

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