Healthcare Deductions
Plan ahead for tax time.
The IRS allows self-employed businesspeople to deduct 60 percentof health insurance premium costs. For more information on specificIRS guidelines, request IRS Publication 533, Self Employment Tax,and IRS Publication 502, Medical and Dental Expenses, by visitingwww.irs.gov.
Excerpted from Start Your Own Business: The Only Start-Up GuideYou’ll Ever Need
The IRS allows self-employed businesspeople to deduct 60 percentof health insurance premium costs. For more information on specificIRS guidelines, request IRS Publication 533, Self Employment Tax,and IRS Publication 502, Medical and Dental Expenses, by visitingwww.irs.gov.
Excerpted from Start Your Own Business: The Only Start-Up GuideYou’ll Ever Need
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