Calcufast

SE health insurance: $12,000 premiums / $8,000 net = $8,000 deduction

Self-employed health insurance deduction cannot exceed net profit from the business.

Inputs
Enter values to calculate
Results

SE health insurance deduction

$8,000.00

Premiums over the cap

$4,000.00

Schedule 1 deduction. Cap = net profit (½ SE tax not subtracted here). You generally cannot also have an employer-subsidized plan. Educational estimate, not tax advice.

You might also like

Additional Medicare Tax calculator (wages)

The 0.9% Additional Medicare Tax on wages above your filing-status threshold: $250,000 joint, $125,000 married filing separately, $200,000 any other case.

Costa Rica Aguinaldo Calculator

Calculate Costa Rica aguinaldo with monthly salary, months worked, and additional earnings.

El Salvador Aguinaldo (Christmas Bonus) Calculator

Calculate your aguinaldo (Christmas bonus) under El Salvador labor law

Self-employed health insurance

The deduction cannot exceed net profit from the business.

SEHI

deduction = min(premiums, net profit)

Example: premiums $12,000, net $8,000 → $8,000.

Related: self-employment take-home, paycheck take-home.