W2 vs 1099 insurance write-off
February 9, 2013 6:34 PM Subscribe
Please help me understand whether I can write off my health insurance premiums.
posted by mhz to Law & Government (14 answers total) 2 users marked this as a favorite
You are not my accountant, etc etc. I'm using TurboTax to do my taxes, and I've never had any complications before, but this year…
My employer doesn't provide health insurance – I have an individual plan. The company does give me something every month, tax-free, for insurance (125/Cafeteria Plan), but I'm still left paying a part of it.
I also received a 1099-MISC for some side work I did this year.
As a self-employed person, I'm apparently able to write off my health insurance premiums (Schedule C/SE Health Insurance).
Am I missing something? Does the fact that the 1099 is clearly not my full-time job - or - that I'm getting something from my full-time employer towards insurance mean that I cannot write off what I pay out-of-pocket?