Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
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 .... $?
- 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