That would be something of a double tax break.

Your self-employment taxes are based on the totality of your business income less other expenses - the income you calculate on Schedule C - but not less your insurance premiums.

Some credits are reduced or eliminated if your AGI is too high, so the more above-the-line deductions you're entitled to claim, the better.

It affects your adjusted gross income, a detail upon which several other tax breaks depend. You could still claim your health insurance expenses as a medical deduction on Schedule A if you itemize, but the above-the-line adjustment to income for self-employed people is usually more advantageous.And if your business reports a loss, you're not eligible for the deduction at all. For example, if your business earned $12,000 but premiums cost you $15,000, you can't claim the entire $15,000. Your self-employment income is calculated on Schedule C or F and it must be equal to or exceed the amount of your health insurance deduction.If she takes the job and qualifies for the plan in December, for example, you might have paid for 12 months of health insurance coverage for yourself and your family but you can deduct only 11 months' worth of premiums from January through November because you were eligible for another plan in the last month of the year. This might be the case if you work a regular job and have your own business on the side, or if your spouse becomes employed and is eligible for family coverage under a group plan. You can't deduct the costs of health insurance if you or your spouse were eligible to participate in a subsidized group health plan through an employer.The policy can be in the name of your business if you don't operate under your own name. If you're self-employed and pay supplemental Medicare premiums, such as for Part B coverage, you can deduct these premiums as well. Lenders do have the option to make the purchase of flood insurance a condition for their loans at any time, and some lenders may institute such requirements in advance of the maps becoming effective.The entire cost of premiums paid for medical insurance, dental insurance, and long-term care insurance are deductible for policies that cover you, your spouse, your dependents, or adult children who have not reached the age 27 as of the last day of the tax year. If a property is mapped into a high-risk area (shown as a zone labeled with letters starting with “A” or “V”) and the owner has a mortgage through a federally regulated or insured lender, flood insurance will be required when the FIRM becomes effective. Property Owners Can Take Advantage of “Grandfathering”

This release provides community officials, the public, and other stakeholders with their first view of the current flood hazards, which include changes that may have occurred in the flood risks throughout the community, or county, since the last flood hazard map was published. The release of preliminary flood hazard maps, or Flood Insurance Rate Maps (FIRMs), is an important step in the mapping lifecycle for a community. Releasing Preliminary California Flood Maps

This page is for homeowners who want to understand how their current effective Flood Map may change when the preliminary FEMA maps becomes effective. New and Preliminary California Flood Maps provide the public an early look at a home or community’s projected risk to flood hazards.

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