We are losing my wife's health insurance and are going to be taking out a private health insurance policy. I am self-employed and think I can deduct the premiums from my taxable income. Does anyone know if that is the case? I would appreciate anyone who could point me in the right direction.
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If you establish the policy in the name of the business (or your name if a sole proprietor), then you can deduct the premiums on the front of the 1040, line 29.
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