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Self-Employed Health Insurance Deduction (Form 7206): Who Qualifies and Where to Enter It

Self-Employed Health Insurance Deduction (Form 7206): Who Qualifies and Where to Enter It

The self-employed health insurance deduction on Schedule 1, line 17: medical, dental, vision and certain long-term care premiums for you, your spouse and dependents, limited by net profit and unavailable for months you could join a subsidized employer plan. Form 7206 does the math.

Effective Tax Rate vs. Marginal Rate: How to Calculate Yours (Federal, State, and Self-Employment)

Effective Tax Rate vs. Marginal Rate: How to Calculate Yours (Federal, State, and Self-Employment)

Your marginal tax rate is the rate on your next dollar; your effective rate is your total tax divided by your income. A 2026 worked example for a freelancer with $100,000 of profit shows about 25.7% effective federal tax and about 34.6% marginal, plus how to work backward from a take-home goal.