Question: My son lives in Arizona and receives pension income from the Arizona Retirement System (ARS). He is 64 years old and is now single with no dependents. The ARS allows him to purchase health ...

Q: I recently started my own business as a sole proprietorship and will be filing a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my two employees and my ...

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.

While some overlap with those available to regular workers, self-employed individuals also have their own unique deductions. It’s important to note that the IRS definition of “self-employment” is ...

You may be able to deduct multiple types of insurance premiums from your taxes, including the amount you spend on car insurance, home insurance, health insurance, life insurance and more. These ...

Discover when dental insurance premiums are tax-deductible and understand exclusions. Learn about coverage types and how cosmetic procedures impact deductions.

When you file your tax return, you can minimize your tax liability through common tax deductions like student loan interest, mortgage interest and charitable donations. But are medical premiums tax ...

As a self-employed person, you probably watched the development of the Tax Cuts and Jobs Act (TCJA) with some trepidation. The tax code is not often kind to the self-employed, nor are most of the ...

Question: I am a consultant operating as a sole proprietorship and file a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my employees and my family. Can I ...

One of the best things about being self-employed is that you are entitled to a whole host of boss-less independence, flexible scheduling and most importantly, tax deductions. While some overlap with ...