- IRS Publication 535, Chapter 6: Business Expenses, Insurance
- IRS Tax Tip 2013-43
- 2016 Schedule K-1
- 2016 Form W-2
Why YOU Should Care
If you are self-employed and provide medical, dental, or long-term care insurance for yourself, your spouse, and/or your dependents, you may qualify to deduct the cost of the related premiums on your tax return. This deduction is reported on Line 29 of your personal income tax return (Form 1040) and could reduce your income subject to taxation.