Article Date:
March 2011


Word Count:
545

 

 

IRS Secretly Allows Medicare Part B as Self-Employed Health Insurance Deduction


The sudden, and secret, allowance of Medicare Part B as a self-employed insurance cost appears magically to make bigger deductions for a select few.

 

Generally, the IRS issues guidance in some fashion before changes are made in the Form 1040 instructions. Not in this case. The first word on this new tax-benefit allowance appears in the instructions.

 

Original Disallowance

 

In 1995, the IRS in field service advice stated: “Because Medicare Part B is a federal program available only to those who qualify under ... Log in to view full article.

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