The article reports that in the Tax Tip 2011-51, self-employed tax payers can deduct 100 percent of the premiums paid for medical and dental assistance under Code Section 162(1)(1)(D) and mandated by the U.S. Internal Revenue Services (IRS). It notes that the deduction should not ...
Consider Also:What Is a Schedule C Form: Who Needs to File & How to File Claiming Toll Expenses If you pay tolls during qualifying business-related travel, you can deduct those tolls as business expenses on Schedule C of your 1040. This is not true if you depreciate your vehicle,...