Se heath insurance deduction

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • KWF
    Member
    • Dec 2007
    • 63

    #1

    Se heath insurance deduction

    An ordained minister works as a minister for a church. The minister is not provided health insurance through his church, but instead purchases his own private policy which he pays for himself.

    Would the cost of these health insurance premiums qualify for the adjustment to income self employed health insurance deduction?
  • mastertaxguy
    Senior Member
    • Mar 2013
    • 408

    #2
    Originally posted by KWF
    An ordained minister works as a minister for a church. The minister is not provided health insurance through his church, but instead purchases his own private policy which he pays for himself.

    Would the cost of these health insurance premiums qualify for the adjustment to income self employed health insurance deduction?
    Seems like this would depend on whether the TP is paid a wage, on a W-2, or paid on a 1099 and thus files a Schedule C.
    Friends double; family triple. Don't buy an audit for yourself. If someone has to go to jail make sure it is the client. Remember it is only taxes, nothing important.

    Comment

    • ATSMAN
      Senior Member
      • Jul 2013
      • 2415

      #3
      Correct. Goes on Sch A if only W2 income.

      You may want to check this site also:

      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

      Comment

      • ruthc
        Senior Member
        • Jan 2012
        • 433

        #4
        Medicare Premiums

        I know we've discussed Medicare premiums before as being deductible and I've read Pub 535 on this. I just would like some feedback on your thinking. Could a Schedule C TP deduct his Medicare insurance and also the amount of the additional health insurance that is a supplement to Medicare for expenses that Medicare doesn't pay?

        Comment

        • ATSMAN
          Senior Member
          • Jul 2013
          • 2415

          #5
          Originally posted by ruthc
          I know we've discussed Medicare premiums before as being deductible and I've read Pub 535 on this. I just would like some feedback on your thinking. Could a Schedule C TP deduct his Medicare insurance and also the amount of the additional health insurance that is a supplement to Medicare for expenses that Medicare doesn't pay?
          If there is no other insurance (from spouse) then I say yes.
          Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

          Comment

          • ruthc
            Senior Member
            • Jan 2012
            • 433

            #6
            Supplemental Insurance

            The husband has the Schedule C. Both husband and spouse have Medicare and pays for a supplemental insurance (BcBs) as do most Medicare recipients. Thanks for any input! I think the husband can take the Medicare and supplemental insurance.

            Comment

            Working...