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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29535
Experience:  Taxes, Immigration, Labor Relations
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For my 2013 tax return will I be able to subtract all my health

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For my 2013 tax return will I be able to subtract all my health insurance premiums from my Income as a business expense for the self employed like I did in 2012.

Lev :

Hi and welcome to Just Answer!
That is correct - you may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for you, your spouse, and your dependents if you are a self-employed individual with a net profit reported on Schedule C (Form 1040).
That provision is in effect for 2013.

Customer:

Do you know about 2014? Will that be taken out? Thanks

Lev :

So far - that provision is not set to expire. Based on current economic situation - I doubt that the law would be changed this matter - but may not guarantee.

Customer:

Ok thanks

Lev :

You are welcome.

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