During the 2021 tax year, Gwen supports her family as a physical therapist. She reports $90,000...

 

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During the 2021 tax year, Gwen supports her family as a physical therapist. She reports $90,000 of earned income on her Schedule C and paid the following insurance premiums: • Family health insurance: $15,000 • Family dental insurance: $2,000 • Health insurance for her 24-year-old son who is not a dependent: $3,000 • Long-term care insurance for her 49-year-old husband: $900 Use the following table for long-term care premium limitations. Attained Age Before the Close of the Taxable Year 2021 Limitation on Premiums 40 or less $450 More than 40 but not more than 50 $850 More than 50 but not more than 60 $1,690 More than 60 but not more than 70 $4,520 More than 70 $5,640 What is Gwen's self-employed health insurance deduction for 2021? During the 2021 tax year, Gwen supports her family as a physical therapist. She reports $90,000 of earned income on her Schedule C and paid the following insurance premiums: • Family health insurance: $15,000 • Family dental insurance: $2,000 • Health insurance for her 24-year-old son who is not a dependent: $3,000 • Long-term care insurance for her 49-year-old husband: $900 Use the following table for long-term care premium limitations. Attained Age Before the Close of the Taxable Year 2021 Limitation on Premiums 40 or less $450 More than 40 but not more than 50 $850 More than 50 but not more than 60 $1,690 More than 60 but not more than 70 $4,520 More than 70 $5,640 What is Gwen's self-employed health insurance deduction for 2021?

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