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I am self-employed and I am wondering if I can deduct my health insurance premiums from my taxes.
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Yes, a self-employed person can deduct their health insurance premiums from their taxes. This deduction is considered an adjustment to income on the Schedule 1 (Form 1040) of the individual's tax return. The deduction is limited to the amount of self-employment income, and only for premiums paid during the tax year. It's important to keep records of health insurance premiums paid and maintain accurate financial records to support the deduction when filing taxes.
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