Submitted By: someone
Answered: August 28, 2017 10:56 pm

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

Holding period

The length of time that an asset is owned and that generally determines long- or short-term capital gain treatment.

More terms