Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
Rasa-LilaM
QuickBooks Team

Reply to message

I can clear up that confusion, frankxx7.


QuickBooks Self-Employed treats medical premiums as personal expenses, so they're not included in our calculations for estimated taxes or business expenses. That’s the reason why they won’t show in the Profit and Loss Report.

 

For high medical expenses, you may be able to deduct a portion of them from the annual tax return. I suggest visiting the TurboTax Community for further guidance about tax related and financial topics.

 

The following article provides an overview to help determine the eligibility of healthcare deductions: How do I?


If you have further questions about the product, leave a comment below. I’ll jump right back in to assist further. Have a good one.

Need to get in touch?

Contact us