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long-term care insurance premiums?
Serena is a 38-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2020 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2020. Serena also pays long-term care insurance premiums of $600 in 2020.
Calculate Serena's self-employed health care deduction .... $?
2 Answers
- Anonymous1 month ago
Move to homework help. CHEATER
- 1 month ago
Answer : 8,230
7,800 + (Maximum long-term premiums insurance under 40/yr is 430)
= 7,800 + 430 = 8,230