ACA marketplace premiums
$300-$1,500/mo
Are ACA Marketplace Premiums Tax Deductible?
Short answer: Often yes: ACA marketplace premiums are deductible above the line for self-employed people, or as a medical expense if you itemize.
The self-employed deduction is off for months you could join an employer plan. Health sharing ministries and fixed-indemnity plans don't count as medical insurance.
Records to keep: Keep the receipt or invoice and an estimate of business-use percentage.
ACA marketplace premiums
Typical range: $300-$1,500/mo
General Business
Often yes: ACA marketplace premiums are deductible above the line for self-employed people, or as a medical expense if you itemize.
Business justification
Often yes: ACA marketplace premiums are deductible above the line for self-employed people, or as a medical expense if you itemize. The self-employed deduction is off for months you could join an employer plan. Health sharing ministries and fixed-indemnity plans don't count as medical insurance.
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- Products & Brands