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Daycare and Taxes>Tax Deduction for Health Insurance During Shut Down
XJ035 12:22 PM 09-09-2020
We have been shut down since the mid-March shelter in place orders. We are now permitted to be open, but have remained closed. We intend to reopen, but not until either the new virus infection-case rate declines markedly or a viable vaccine is available. My wife runs the daycare, and I help out somewhat. Due to my age (73) I'm in a high risk age group and we don't feel the risk is justified.
So my question is what part of the health insurance will be tax deductible?

Thank you,
Jim
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Tags:closures, deduction - health insurance, deduction - insurance, health insurance, personal choice, self employed, tax, time space percentage, time space percentage - limits
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