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March 7, 2025
Question

Joint return and both self Employment Health insurance deduction

  • March 7, 2025
  • 1 reply
  • 0 views

If both persons are self employed can you split the insurance premium between business?

Person A has Income of $10,000. but only has Health Insurance of $5,000.

Person B has income of $3,000, but has Health Insurance of $10,000.

Can Person A claim $10,000 on insurance, and Person B claim $5,000?

Thanks in advance.

    1 reply

    KrisD15
    March 7, 2025

    No

    If you each have health insurance, then neither have a family plan, so neither can be shared. 

     

    IRS Link

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    March 7, 2025

    Thank you as the IRS publication was not clean, but what you are saying makes sense.