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April 2, 2013
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Don’t miss the health insurance deduction if self-employed

If you are self-employed, the IRS wants you to know about a tax deduction generally available to people who are self-employed. The deduction is for medical, dental or long-term care insurance premiums that self-employed people often pay for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the end of 2012, even if the child was not your dependent. You may be able to take this deduction if one of the following applies to you: You had a net profit from self-employment. You would report this on a Schedule C, …

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The Nevada Appeal Updated Apr 2, 2013 07:02PM Published Apr 2, 2013 07:02PM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.