If you were self-employed, you may be able to deduct any amounts that you paid to provide health insurance for yourself, your spouse, and/or your dependents.
To qualify for the deduction:
- Your business must have had a net profit for the year and
- The insurance plan must be established under your business.
You are allowed a deduction for most of the medical expenses that you paid during the tax year. However, you cannot include any part of the expenses that were paid by an insurance company or other source.
