Beginning tax year 2010, the IRS made changes to the Federal Schedule SE to allow a deduction from your net self-employed earnings for the self-employed health insurance you paid. The TriMet Transit District and the Lane Transit District have adopted this
modification to your self-employed earnings.
You will continue to use the amount on line 3 from your Federal Schedule SE in calculating both your TriMet Self-employed Transit Tax (Form TM) and your Lane Self-employed Transit Tax (Form LTD).
Note: If your self-employed earnings after the deduction are $400 or less, you do not need to file a Transit Self-employed tax return.