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17 helpful votes

Health Insurance Premiums

If you meet certain criteria, you may be able to claim a self-employed health insurance deduction for premiums you pay for health insurance. (Dental and vision insurance may be deductible too).

Eligible if:
  • You’re self-employed
  • Have a net profit for the year
  • Pay insurance premiums yourself
  • Have a policy listed in your name (or your business name)
Not eligible:
  • If you declined or opted out of health insurance offered to you by an employer, your spouse’s employer, or your parents
Good to know:
  • If you meet the eligibility criteria listed above, you can also deduct the premiums you pay for your tax dependents (score!)
  • Your deduction is limited to the amount of your business income, minus a few other adjustments the IRS throws in to make the math harder. (TurboTax or your accountant can help you with the specifics.)


  • Whether the premiums are a deduction for annual taxes depends on a number of factors. When you complete your healthcare profile (Gear icon > Healthcare), we can help determine your eligibility and estimate what the self-employed health insurance deduction might be.
  • We determine your eligibility and estimate deduction amounts with the end goal of making sure your quarterly tax estimates are accurate so you don’t pay too much. Come annual tax time, other factors and restrictions may affect your actual deductions.

Want more info? Here's a tax tip from the IRS about the health insurance deduction if you're self-employed.


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