I’m a sole proprietor and opted in to workers’ compensation. Can I deduct my premiums on Schedule C?

Workers’ compensation premiums are deductible by a self-employed individual. There is no dollar limit or other restriction on this write-off.

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Tax Glossary

Net operating loss

A business loss that exceeds current income may be carried back against income of prior years and carried forward as a deduction from future income until eliminated.

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