 Income tax 2023-2024, self-employed health insurance deduction. Get ready and some coffee. Because if taxes were an animal, the government would surely be a leech. You get it off! Most of this information can be found in the Instructions for Schedule 1 section of the Form 1040 Instructions Tax Year 2023, which you can find on the IRS website at irs.gov, irs.gov, looking at the income tax formula. We're focused on line 2 adjustments to income, which you might hear called above the line deductions, possibly schedule 1 deductions. Remembering that the first half of the income tax formula is basically a funny income statement. Most income statements having income minus expenses resulting in net income. Here we have income minus various deductions getting to taxable income. Noting for taxes, deductions are good.