Page 96 - Individual Forms & Instructions Guide

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Self-Employed Health Insurance Deduction Worksheet—Schedule 1, Line 17 14:28 - 20-Jan-2023
Before you begin: Be sure you have read the Exceptions in the instructions for this line to see if you can use this work-
sheet instead of Pub. 535 to figure your deduction.
1. Enter the total amount paid in 2022 for health insurance coverage established under your business
(or the S corporation in which you were a more-than-2% shareholder) for 2022 for you, your
spouse, and your dependents. Your insurance can also cover your child who was under age 27 at
the end of 2022, even if the child wasn't your dependent. But don’t include amounts for any month
you were eligible to participate in an employer-sponsored health plan or amounts paid from
retirement plan distributions that were nontaxable because you are a retired public safety
officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Enter your net profit* and any other earned income** from the business under which the insurance
plan is established, minus any deductions on Schedule 1, lines 15 and 16. Don’t include
Conservation Reserve Program payments exempt from self-employment tax . . . . . . . . . . . . . . . . . . . 2.
3. Self-employed health insurance deduction. Enter the smaller of line 1 or line 2 here and on
Schedule 1, line 17. Don’t include this amount in figuring any medical expense deduction
on Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
*If you used either optional method to figure your net earnings from self-employment, don’t enter your net profit. Instead, enter the amount
from Schedule SE, line 4b.
**Earned income includes net earnings and gains from the sale, transfer, or licensing of property you created. However, it doesn't include
capital gain income. If you were a more-than-2% shareholder in the S corporation under which the insurance plan is established, earned
income is your Medicare wages (box 5 of Form W-2) from that corporation.

tained by your spouse's employer from Use Pub. 974 instead of the work- agreement was changed after December
September 30 through December 31, sheet in these instructions if the insur- 31, 2018, to expressly provide that ali-
you can't use amounts paid for health in- ance plan was considered to be estab- mony received is not included in your
surance coverage for September through lished under your business and was ob- former spouse's income. Use Tax Topic
December to figure your deduction. tained through the Marketplace, and ad- 452 or see Pub. 504.
Medicare premiums you voluntarily vance payments of the premium tax
pay to obtain insurance in your name credit were made or you are claiming Line 19c
that is similar to qualifying private the premium tax credit. On line 19c, enter the month and year of
health insurance can be used to figure your original divorce or separation
the deduction. Amounts paid for health Line 18 agreement that relates to this deduction
insurance coverage from retirement plan Penalty on Early Withdrawal of for alimony paid.
distributions that were nontaxable be- Savings
cause you are a retired public safety of- Line 20
ficer can't be used to figure the deduc- The Form 1099-INT or Form 1099-OID
tion. you received will show the amount of IRA Deduction
any penalty you were charged.
For more details, see Pub. 535. If you made any nondeductible
If you qualify to take the deduction, Lines 19a, 19b, and 19c TIP contributions to a traditional
use the Self-Employed Health Insurance Alimony Paid individual retirement arrange-
Deduction Worksheet to figure the ment (IRA) for 2022, you must report
amount you can deduct. them on Form 8606.
Exceptions. Use Pub. 535 instead of Line 19a You no longer need to be
the Self-Employed Health Insurance De- If you made payments to or for your TIP younger than age 70 /2 to take
1
duction Worksheet in these instructions spouse or former spouse under a divorce a deduction for your contribu-
to figure your deduction if any of the or separation agreement entered into on tions to an IRA.
following applies. or before December 31, 2018, you may
• You had more than one source of be able to take this deduction. You can't If you made contributions to a tradi-
income subject to self-employment tax. take a deduction for alimony payments tional IRA for 2022, you may be able to
• You file Form 2555. you made to or for your spouse if you take an IRA deduction. But you, or your
• You are using amounts paid for entered into your divorce or separation spouse if filing a joint return, must have
qualified long-term care insurance to agreement after December 31, 2018, or had earned income to do so. For IRA
figure the deduction. if you entered into the agreement on or purposes, earned income includes alimo-
before December 31, 2018, and the ny and separate maintenance payments

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