FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Which of the following is true about the self-employed health insurance deduction?

a.The deduction can be claimed when a subsidized employer health insurance plan is also available.
b.Long-term care premiums may not be deducted within specified dollar limitations based on age.
c.Dental insurance is not included as deductible self-employed health insurance.
d.The deduction can be claimed if the taxpayer has an overall business loss from self-employment.
e.The self-employed health insurance deduction is a for AGI deduction. 
Expert Solution
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In a nutshell, the self-employed health insurance deduction allows self-employed people to deduct 100% of their health, dental, and long-term care insurance premiums for themselves, their spouses, dependents, and non-dependent children under the age of 27.

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