1. 47 POINTS
    Kevin Haney
    A.S.K. Benefit Solutions, New Jersey
    The self employed health insurance deduction is entered on line 29 of form 1040. The qualified amount is subtracted from your total income to help determine your adjusted gross income. You can deduct the amounts paid for you, your spouse, and dependent children.

    You can deduct the full amount of the annual premium cost provided your self employed income is higher. Otherwise, you can only deduct the amount of your self employed income. 

    Please consult your tax adviser.
    Answered on May 15, 2014
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