| Deducting medicare if self-employed |
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tomseeley
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Cash: $ 3.10
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Joined: 01 Dec 2007
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| Deducting medicare if self-employed |
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I'm receiving Medicare and I'm self-employed. I have no group or employer-provided health ins plan. Until I started getting Medicare, I deducted my self-pay health ins costs as an adjustment to income, which reduce my AGI dollar for dollar.
So far the IRS has given me no grief (I'm well aware that's NOT the same as them TELLLING me it's ok).
Now that I'm paying for Medicare and for a separate Medicare Advantage plan, as long as I continue to be self-employed and continue to receive income on a Form 1099-MISC for 2009 and continue to file a Sch C with my 1040, can I continue to deduct Medicare and Medicare Advantage premiums as adjustments that reduce my AGI dollar for dollar?
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Mon Dec 07, 2009 9:47 pm |
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david1987
Full Member
Cash: $ 14.00
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Joined: 19 Dec 2009
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I will also suggest you that don't change it now. continue with this.
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Sun Dec 20, 2009 7:43 am |
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