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I disagree with all of these responses. Look at line 30 on the 1040. 70% of the health insurance premiums are deductible provided your self-income covers at least the amount deducted.

In my case, I am a consultant and most of my earnings are direct w-2-like earnings with no expenses (expenses are covered by the company that hires me on a short-term basis). Therefore, I deduct 70% of my health insurance expenses. I think this is a new provision since this is the first year I have been able to do it, but it may have been in effect last year and I just missed it. But it hasn't been a deduction for a very long time.

My research on the web and a reading of the IRS instructions etc. made me feel comfortable that this is a deductible expense.
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