Now that’s a mouth full isn’t it!
Check out Publication 974 where there are special instructions for figuring the self-employed health insurance deduction and PTC if you or your spouse was self-employed, you or a member of your tax family was enrolled in a qualified health plan in 2018, and you may be eligible for the PTC.
Because the amount of the self-employed health insurance deduction may affect the amount of the PTC, and the amount of the PTC may affect the amount of the deduction, a taxpayer who may be eligible for both may have difficulty determining the amounts of those items.
A taxpayer who may be eligible for both may follow the instructions in this part to determine amounts of the self-employed health insurance deduction and PTC that are allowable under the law. Publication 974
Resources & Links
If you earn less than $60k, tax software is available for Free!
What about estimating and uneven income? Kaiser Foundation FAQ’s.
Historical Crystal Ball – Guess Work
Paying Less for Health Coverage
The Right Fit
Know your health coverage costs
The Right Health Plan for You
Who does what in Health Care
Staying Covered when your life changes
In Network Out of Network - What is a network?
IRS Small Business Self-Employed Tax Center
Meals & Entertainment
Car and Truck Expenses
Legal and Professional Fees
Travel and Meals
Business Use of Your Home
Other Expenses You Can Deduct
Expenses You Cannot Deduct
United Health Care - Get a quote
Is your Family Protected with Life Insurance? Click here for Instant Quote
Main Small Biz Tax Credit and Related Pages
Health Insurance Deduction Line 29 for self employed
Schedule C – Line 12 Biz Income or Loss, Line 29 Health Insurance Premiums, Line 37 Adjusted Gross Income, MAGI Income
Premium Tax Credit # 8962 Health Coverage Tax Credit #8885 Form 1040 and Instructions Self Employed – New Definition under Health Care Reform – Introduction AB 1672 – (1992 to 2013) Small Group Health Rules prior to Obamacare