Self-Employed Individuals Are Allowed to Deduct the Cost of Health

question 18

True/False

Self-employed individuals are allowed to deduct the cost of health insurance for themselves and their families only as an itemized deduction.

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Definitions:

Native Americans

The indigenous peoples of the United States, including both Native American tribes and Alaska Natives.

Puritan Colony

A settlement established by Puritans, who were English Protestants seeking to practice their religion without persecution, in the 17th century in New England.

Religious Conversion

The process of adopting a new religious belief different from one's previous faith, often accompanied by a formal declaration or ritual.

Muslims

Followers of Islam, a monotheistic Abrahamic religion founded on the teachings of Prophet Muhammad as presented in the Quran.