TN 8 (12-91)
RS 01803.115 Health Insurance Premiums
Section 162(L) of the Internal Revenue Code as amended by P.L. 100-647. Social Security Act
Prior to January 1, 1989 self-employed individuals could not deduct premiums paid for health insurance as a business expense.
Effective with taxable years beginning after 12/31/88 self-employed individuals can deduct premiums paid for health insurance as a business expense. Initially this deduction allowance was to expire beginning with taxable years after December 31, 1989. However, Congress has granted several extensions. Refer to the policy for “Health Insurance Deductions” in RS 01802.015D.