Self-employed? Deduct Health Insurance Premiums.

Tip of the Month

March 2000

Self-employed? Deduct Health Insurance Premiums.

If you were self-employed in 1999 and made a net profit, you can deduct health insurance premiums paid by you. You can deduct 60% of the premiums for you, your spouse and any dependents. This percentage may rise to 70% in 2002 and higher in 2003.
 

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