Mike and Rose are married and file jointly. Mike earns $45,000 from wages and Rose reports $450 on her Schedule C as an artist. Since Mike's work does not offer health insurance, Rose pays the following health insurance premiums from her business account: $$\begin{array} { l r }
\text { Family heal th insurance } & \$ 9,500 \
\text { Family dental insurance } & 1,000
\end{array}$$ How much can Mike and Rose deduct as self-employed health insurance?

Question

Mike and Rose are married and file jointly. Mike earns $45,000 from wages and Rose reports $450 on her Schedule C as an artist. Since Mike's work does not offer health insurance, Rose pays the following health insurance premiums from her business account: $$\begin{array} { l r } 
\text { Family heal th insurance } & \$ 9,500 \
\text { Family dental insurance } & 1,000
\end{array}$$ How much can Mike and Rose deduct as self-employed health insurance?

Quizplus · Accepted Answer

The Answer of Mike and Rose are married and file jointly. Mike earns $45,000 from wages and Rose reports $450 on her Schedule C as an artist. Since Mike's work does not offer health insurance, Rose pays the following health insurance premiums from her business account: $$\begin{array} { l r } 
\text { Family heal th insurance } & \$ 9,500 \
\text { Family dental insurance } & 1,000
\end{array}$$ How much can Mike and Rose deduct as self-employed health insurance?

Mike and Rose Are Married and File Jointly Family heal th insurance $9,500 Family dental insurance 1,000\begin{array} { l r } \text { Family heal th insurance } & \$ 9,500 \\\text { Family dental insurance } & 1,000\end{array} Family heal th insurance Family dental insurance ​$9,5001,000​

Mike and Rose Are Married and File Jointly $\begin{array} { l r } \text { Family heal th insurance } & \$ 9,500 \\\text { Family dental insurance } & 1,000\end{array}$