Few adjustments to income are as valuable, or as frequently mishandled, as the deduction for self-employed health insurance.

It reduces adjusted gross income dollar for dollar, it is available whether or not you itemize, and a lower adjusted gross income can preserve other tax benefits that phase out as income rises.

The deduction covers medical, dental, and vision insurance, along with qualified long-term care insurance, for you, your spouse, and your dependents. It also reaches your child who was under age 27 at the end of the tax year, even if that child was not your dependent for ... Log in to view full article.