Walter is self-employed. He had a net profit (after his self-employment deduction) of $16,000. He established a health insurance plan under his business, which covered him, his spouse, and two dependents. The premium is $1,750 per month ($750 of this amount is for his spouse and dependent) and was paid for the full year. The whole family was eligible for coverage by his spouse's employer for the first two months of the year. What is Walter's self-employed health insurance deduction?