Medicare Premiums - Self-employed health insurance

The IRS has changed its mind on whether self-employed individuals can deduct Medicare premiums as part of their above-the-line deduction for health insurance on From 1040. In the past, the agency said that was a no-no. In 2010 the agency says it's okay. If you missed the write-off on your 2010 return file an amended return to claim the break and get a tax refund for any amount you overpaid.