If you're self-employed and paying your own health insurance premiums, you can generally deduct 100% of those premiums from your taxable income, as long as you meet certain requirements. This deduction applies to premiums for medical, dental, and long-term care insurance for yourself, your spouse, and your dependents. It’s important to note that this deduction is taken on your Form 1040, reducing your adjusted gross income rather than your taxable income. Always consult a tax professional for advice tailored to your specific situation.
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