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  • jim63
    New Daycare.com Member
    • Dec 2010
    • 1
    #1

    Question for Tom

    I can't seem to find a definite answer to the following question: Can I deduct Medicare Part B and/or Part D premiums as a self-employed health care deduction? Also, what about Medicare Cost Plan premiums, e.g. HeathPartners Freedom Plan. Is this a "gray" area? Thanks for your answer, Jim
    Tags: deductible, tom copeland
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    • Michael
      Founder & Owner-Daycare.com
      • Aug 2007
      • 7948
      #2
      Welcome Jim to the Daycare.com Forum!
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        • TomCopeland
          Business Author/Trainer
          • Jun 2010
          • 3062
          #3
          Medical deduction

          A new tax law allows self-employed taxpayers, including family child care providers, to deduct health insurance premiums as a business expense. But, to claim this deduction you must not be eligible for any employer sponsored health care plan. Medicare is also excluded from this law, so it's not deductible - sorry!
          http://www.tomcopelandblog.com
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