Yes, self-employed individuals can generally deduct health insurance premiums from their taxable income. This deduction is available for individuals who are self-employed and not eligible to participate in an employer-sponsored health plan. The deduction is taken on the front page of the Form 1040, which reduces the individual's adjusted gross income (AGI). It's important to note that the deduction cannot exceed the individual's earned income from the business. Additionally, the individual must meet certain criteria, such as being self-employed and having a net profit for the year. The health insurance plan must also be established under the individual's business. The deduction is not available for months in which the individual or their spouse is eligible to participate in an employer-sponsored health plan. It's recommended to consult with a tax professional or refer to IRS Publication 535 for specific details and eligibility requirements.