Tag: S corporation health insurance

self-employed health insurance deduction

Can I Deduct Health Insurance if I’m Self-Employed?

Small Business Tax Consultant, Small Business Tax Tips, Tax Deductions, Tax Strategies

Can You Take the Self-Employed Health Insurance Deduction? If you're self-employed and pay for your own health insurance, you may have access to a valuable tax deduction. (How Do Owners of S Corporations Deduct Their Health Insurance?) The self-employed health insurance deduction can reduce your adjusted gross income dollar for dollar. You don't have to...Continue reading

Can an S Corporation Pay for Health Insurance

Can an S Corporation Pay for Health Insurance?

Ohio Tax Preparation, Small Business Tax Consultant, Small Business Tax Tips, Tax Preparation, Tax Strategies

If you own an S corporation, one of the most valuable tax benefits available to you may be the ability to deduct your health insurance premiums. Unfortunately, many business owners don't realize there are specific IRS rules that must be followed. If those rules aren't followed correctly, you could lose the deduction—even if your business...Continue reading

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