The Self-Employed Health Insurance Deduction allows self-employed individuals to deduct health insurance premiums for themselves, spouses, and dependents from their taxable income.
- What is the self-employed health insurance deduction?
Answer: It is a tax deduction for health premiums for self-employed individuals. - Who is eligible?
Answer: Self-employed people with a net profit can claim it. - What is the limit?
Answer: It is limited to the net profit of the business in 2025. - What are the benefits?
Answer: It reduces taxable income and healthcare costs. - What role does HR play?
Answer: HR advises employees transitioning to self-employment.
