Ive been self employed this entire year and will likely remain so atleast through 2019 as well.
As i understand it, i can either claim my health insurance premiums on my taxes, which will lower my tax burden, or claim the aca subsidy towards premiums but not both. Am i correct in that assumption?
I took the subsidy to lower my monthly premiums (because who the hell can afford to essentially pay rent 2 times in a month!) this year and signed up for the same for next, so im assuming i cant take the deduction this or next year.
How does other health care costs play into this? My insurance has a high deductible so my out of pocket costs for doctor appointments, dental procedures and checkups, copay, and drugs was several thousand dollars this year, and likely next too. Are those deductible in some way? Do I list them as a business expense if so, or is there as special place to list them on tax forms?
Thanks for your help!