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Rutto asked in Business & FinanceInsurance · 1 month ago

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

  • Anonymous
    1 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

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