SE Health Insurance Deduction
The most valuable health insurance tax break available to freelancers and 1099 workers. Enter your SE income and premiums to see your deduction cap, total tax savings, and what your coverage actually costs per month.
Eligibility requirement: You (and your spouse) must not have been eligible for employer-sponsored health insurance for any month you claim this deduction. If you had access to an employer plan, those months are excluded.
Income & Profile
Annual Premiums Paid
Deduction Summary
AGI (without deduction)
$77,136
Deduction Amount
− $5,580
AGI (with deduction)
$71,556
Federal marginal rate
22.0%
SE tax (half-SE deduction)
$5,864
Your net SE income ($83,000) fully covers your premiums. The entire $5,580 is deductible from AGI on Form 1040, Line 17.
Tax Savings Breakdown
You might also like
Mileage Deduction Tracker
Calculate your IRS mileage deduction for 2024 (67¢/mile) or 2023 (65.5¢/mile). Compares standard mileage vs actual expense method to find the larger deduction — with tax savings at your rate and IRS log reminders.
Try it
W-4 Withholding Optimizer
Have a W-2 job and 1099 side income? Find out exactly how much to add on W-4 line 4c to cover your 1099 tax without paying quarterly estimates. Shows total liability, withholding gap, safe harbor status, and recommended amount per paycheck.
Try it
1099 Quarterly Tax Planner
Calculate your quarterly IRS payments with QBI deduction (Section 199A), safe harbor, and all 4 due dates. Adds the 20% pass-through deduction that most freelancers forget to claim.
Try it