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Schedule M 1H Health Insurance Subtraction for Self Employed  Form

Schedule M 1H Health Insurance Subtraction for Self Employed Form

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hello and welcome to the session in which we will discuss the self-employment health insurance deduction this deduction goes on schedule one along with so many other deductions but in this session we'll focus on this deduction and let's assume our self-imp employed health insurance deduction is two thousand dollar and let's assume that's the only adjustments we are going to have so we're going to add up all our adjustments in this adjustments it's going to transfer to 4 10 40 on line 10 a from schedule 1 and let's assume this is the only thing 2000 so that's the only adjustment and let's assume our income is 50 000 then that's going to give us our adjusted gross income of 48 000 simply put this 2 000 of self employment health insurance deduction simply put you paid for your health insurance and as a result you got a deduction that which is good and this deduction is for agi it means it appeared before you got to your adjusted gross income as always i would like to remind you you have t

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