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There's a significant health insurance benefit for the self-employed that just doesn't get much attention in the press. But it should. It's the Federal tax provision that allows self employed individuals to deduct 100% of their health insurance premiums for themselves and their families. This deduction reduces, dollar for dollar, your taxable income for Federal income tax purposes, by the amount you paid in premiums. Your income is adjusted on page 1 of your 1040 tax return.
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