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self employed health insurance deduction Self-Study Problem 5.2 During the 2018 tax year, Gwen supports her family as a physical therapist. She reports $90,000 of

self employed health insurance deduction
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Self-Study Problem 5.2 During the 2018 tax year, Gwen supports her family as a physical therapist. She reports $90,000 of earned income on her Schedule C and paid the following insurance premiums: Family health insurance: $15,000 .Family dental insurance: $2,000 . Health insurance for her 24-year-old son who is not a dependent: $3,000 . Long-term care insurance for her 49-year-old husband: $800 Use the following table for long-term care premium limitations. Attained Age Before the Close of the Taxable Year 2018 Limitation on Premiums 40 or less More than 40 but not more than 50 More than 50 but not more than 60 More than 60 but not more than 70 More than 70 What is Gwen's self-employed health insurance deduction for 2018 $420 $780 $1,560 $4,160 $5,200 Feedback Check My Work

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