Sabtu, 12 Februari 2011

Deduct health insurance premium?

Dear Tax Talk,I'm confused. I heard that sole proprietors filing a Schedule C can deduct their own health insurance so they don't have to pay the 15 percent self-employment tax. The Schedule C instructions still say not to deduct my family premium on Schedule C line 15. How do I get this break, or did I hear wrong?-- MauriceDear Maurice,Your ears don't deceive

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