Self-Employed Health Insurance Deduction Calculator
Calculate the health insurance deduction available to self-employed individuals and its tax impact.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Deduction = min(Premiums, Net SE Income); Tax Savings = Deduction × Tax Rate
Self-employed individuals can deduct 100% of health insurance premiums for themselves and family, limited to net SE income.
Frequently Asked Questions
Can self-employed people deduct health insurance?
Yes, 100% of premiums for self, spouse, and dependents as an above-the-line deduction. Cannot exceed net self-employment income.