Hey all you sole proprietors, partnerships and single person LLCs – for 2010 only, not only can you deduct your self employed health insurance on the first page of your return to reduce AGI, guaranteeing an income tax deduction, you can also take it as a deduction for self-employment tax purposes! This gives you another 15% deduction. What a gift from our government! As of now, the self-employment tax deduction disappears in 2011, so this is a one-time shot.