The Self-Employed Health Insurance Deduction allows self-employed individuals to deduct health insurance premiums for themselves, their spouses, and dependents, reducing taxable income. This deduction applies to freelancers, independent contractors, gig workers, and small business owners, helping them manage healthcare costs while maximizing tax savings.

For industries like manufacturing, retail, logistics, and facility management services (FMS) that engage contract workers and consultants, understanding this deduction is crucial for financial planning and compliance. By leveraging tax benefits and structured healthcare plans, self-employed professionals can ensure medical coverage while optimizing their tax liabilities.