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Insurance | |
Important Change | |
| Self-employed health insurance deduction. | |
Introduction | |
| You generally can deduct the ordinary and necessary cost of insurance as a business expense if it is for your trade, business, or profession. However, you may have to capitalize certain insurance costs under the uniform capitalization rules. For more information, see Capitalized Premiums, later. | |
Useful items | |
| Publication 15–B: Employer's Tax Guide to Fringe Benefits 525: Taxable and Nontaxable Income 538: Accounting Periods and Methods 547: Casualties, Disasters, and Thefts | |
| Form (and Instructions) 1040 U.S. Individual Income Tax Return | |
| See chapter 14 for information about getting publications and forms. | |
Previous Page: 535-Taxes-Other Taxes Next Page: 535-Deductible Premiums Use to find additional instances of index items. |
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