Which of the following is a true statement? Multiple Choice For purposes of the deduction for educational interest, an educational loan must be used to pay tuition to any type of school. The maximum deduction for educational interest is $5,000 for married taxpayers filing jointly. Self-employed taxpayers are not allowed to deduct health care premiums if the taxpayer is eligible to participate in their spouse's employer-provided health plan. Self-employment taxes paid by self-employed taxpayers are deductible as business expenses. All of these choices are correct.

The correct answer is option C. Self-employed taxpayers are not allowed to deduct health care premiums if the taxpayer is eligible to participate in their spouse's employer-provided health plan.

Explanation:

The Correct statements from the given options is option C. Self-employed taxpayers are not allowed to deduct health care premiums if the taxpayer is eligible to participate in their spouse's employer-provided health plan.  

However, If you’re self-employed, you may be able to take a federal income tax deduction for every penny you spend to buy health insurance for yourself, your spouse and any dependents you have — as long as you meet the criteria for doing so.

Self-employed taxpayers are not allowed to deduct health care premiums if the taxpayer is eligible to participate in their spouse's employer-provided health plan. TRUE, IF YOU ARE ELIGIBLE TO PARTICIPATE IN YOUR SPOUSE'S HEALTH CARE PLAN, THEN YOU ARE NOT ALLOWED TO DEDUCT HEALTH CARE PREMIUMS.

Explanation:

The other statements are false because:

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