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Can Realtors in New Jersey Write Off Health Insurance?
Yes. As a self-employed real estate agent in New Jersey you can deduct 100% of your health, dental and vision premiums for yourself, your spouse and dependents as an above-the-line deduction.
The rules
The deduction can't exceed your net self-employment income from real estate. You can't take it for any month you were eligible for a spouse's employer plan. And you can't double-dip with a premium tax credit — the deduction is reduced by any subsidy you received.
If you're an S-corp
Many top producers in New Jersey run an S-corp. The premium has to be paid or reimbursed by the corporation and reported on your W-2 (box 1) for you to take the deduction personally. Pay it from your personal account and you lose it.
New Jersey state taxes
New Jersey has a progressive state income tax, so a self-employed health premium deduction is worth more here than in a no-tax state.
Stack an HSA
Choose an HSA-eligible plan and you also deduct contributions — $4,400 individual / $8,750 family in 2026. Several private PPO plans available in New Jersey are HSA-eligible.
Which plans qualify?
Marketplace and private plans both qualify. The deduction doesn't care where you bought it — only that you paid it as a self-employed person.
Not tax advice; confirm with your CPA. For the plan side, check your options.