Yes
Yes. Self-employed people can deduct the premiums they pay for medical, dental, and qualifying long-term care insurance for themselves, a spouse, and dependents. It is an above-the-line adjustment (not on Schedule C), so it lowers your taxable income even if you do not itemize. You cannot claim it for any month you were eligible for an employer plan (yours or a spouse's).
Where it goes: Schedule 1 (an adjustment to income), not Schedule C
The self-employed health insurance deduction lets you subtract your premiums directly from income. It covers medical, dental, and qualifying long-term care premiums for you, your spouse, and dependents.
The deduction is limited to your net self-employment profit, and you cannot claim it for any month you (or your spouse) were eligible to join an employer-subsidized health plan. It reduces income tax but not self-employment tax.
Because it is an above-the-line adjustment on Schedule 1 rather than a Schedule C expense, you get it whether or not you itemize. Keep records of the premiums you paid.
A deduction only counts if you can prove it. NeoReceipt captures the receipt and files it onto the right Schedule C line, so every write-off is documented at tax time.
