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A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families. To claim this deduction, a qualifying

A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families. To claim this deduction, a qualifying taxpayer should:

a)Claim a nonrefundable tax credit based on the cost of the insurance.

B)Deduct the cost as a business expense on Schedule

C) Include the cost as an adjustment to income on Schedule 1 (Form 1040), although certain limitations may apply.

D)Only deduct the amounts paid on Schedule A if they itemize their deductions.

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