| |
|
|
The Brain has selected interesting
relevant
sentences from the web. It automatically assigned them to some of our
fictitious experts based on their personalities.
|
|
Brian Mengel,
Civil Servant
|
Each party's tax cut/minimum wage bills would provide a 100 percent health insurance deduction for the self-employed, an increase in Code Sec.
Senate, would allow full deduction (on taxes) of health insurance for the self-employed and pave the way for citizens to start medical savings accounts.
Self-employed taxpayers who employ their spouses in the business may deduct 100% of the health insurance premiums for the spouse and dependents.
|
|
John Fielding,
CEO
|
The deduction for health insurance premiums for self-employed individuals (and greater-than-2% shareholders of an S-Corp) has increased to 70% beginning in 2002.
The adjustment to income for HEALTH insurance premiums paid by self-employed individuals has been boosted to 60% of the premiums, up from 45% for 1999 tax year.
If you are self-employed or have self-employed income, you may be eligible to deduct part of your health insurance premiums directly against your income.
|
|
Mike Enlow,
Internet Marketer
|
Remember, if you're self-employed you can now deduct more than 50% of your health insurance cost!
|
|
Craig Leveaux,
Blogger
|
The 1040 has a separate line for your "self-employed health insurance deduction," and you can take that deduction even if you don't itemize.
For instance, did you know that self-employed workers will be able to deduct 100% of their health insurance premiums once the New Year begins?
If you are self-employed, you can deduct 60% of your health insurance costs for yourself, your spouse and your dependents.
|
|
|
|
|
