Self-employed Health Insurance Deduction
Self-employed Health Insurance Deduction means:
an adjustment to gross income for 25% of the cost of health insurance, allowed for a self-employed individual, or a more than 2% shareholder in an S corporation, for payments made before December 31, 1993, for health insurance coverage. This deduction is not subject to the 7.5% of Adjusted Gross Income medical deduction expense limitation.
Leave a Reply