http://www.etax.com <br /> <br />If you are self-employed and have a profit from self-employment, you may claim a special deduction on Form 1040, Line 29, for 100% of health insurance premiums you paid for yourself, spouse and your dependents. The policy can be in your name or in your business’ name. <br />If you pay medical insurance premiums to cover your employees, you can deduct that amount as an ordinary business expense right on your Schedule C. <br />If you face high medical bills and itemize your deductions, you might be able to deduct some of your medical expenses. The deduction is taken on Schedule A of your income tax return. It covers a wide range of medical expenses, and also includes premiums you pay for health insurance or qualified long-term care. You can’t double deduct though. If you deduct your health insurance premiums under the self-employed health insurance deduction, you can’t include them in your medical expenses.
