All Questions
Tagged with self-employment health-insurance
12
questions
3
votes
1
answer
497
views
What Schedule C Health care Expenses can I deduct?
I am helping my daughter do her taxes, and have a question about what deductions are appropriate.
She is on her own, not a dependent anymore but still on my insurance as she's under 26. Her income is ...
3
votes
1
answer
139
views
Health Insurance Premium deduction for Husband/Wife LLC
Assume the following situation:
My wife and I own a LLC in a community property state. (50/50)
We are self-employed and have no employees.
Under this arrangrement, business income flows through to ...
- 119
2
votes
2
answers
248
views
Why am I not allowed to take the insurance premium deduction for a marketplace plan?
I just finished my 2019 taxes using TurboTax, and I'm pretty confused about one detail. I am self-employed, and during the portion of the process where I listed my business expenses and deductions, ...
- 193
0
votes
1
answer
90
views
Independent contractor self-insured HSA/ACA compliant plan
Without delving into the political motivations behind my intent at why I would want to pursue such a plan, I'm looking for some information regarding setting up a self-funded health insurance plan.
...
1
vote
2
answers
182
views
Deducting self-employed ACA health insurance premiums paid for next year
I'm self-employed and paid my January 2019 ACA health insurance premium at the end of 2018. I assume I can deduct this on my 2018 taxes since I use the cash accounting basis. But what if my 2019 ...
- 16k
2
votes
1
answer
109
views
Understanding German state health insurance terms Mindestbeitrag for self-employed
According to this site, they operate with the following terms around a minimal monthly insurance fee:
Beitragssatz - Mindestbeitrag EUR 1038.33
Krankenversicherung - 163,02
What is now the mandatory ...
- 209
5
votes
1
answer
199
views
Are Medicare premiums deductible on schedule C if you also have a secondary policy from previous employer?
My wife and I both receive Medicare parts A and B. We can not participate in previous employer's health plan as primary because we are on Medicare. However, we do participate in the employer's plan as ...
- 51
0
votes
1
answer
340
views
Taxes and health insurance: Find SLCSP (second lowest cost silver plan) before 1095As are issued
To do 2017 end-of-year tax planning, I need to know the second lowest cost silver plan (SLCP) for my Colorado zip code. I've tried searching my health insurer's site, the state marketplace site, and ...
- 511
2
votes
1
answer
330
views
Health insurance premium tax deduction if I'm a W2 with an employer who offers no insurance?
I'm currently self-employed as an LLC (USA) with a sole proprietor tax structure. I have private health insurance and I enjoy the tax deduction for my premiums.
However, I have an opportunity come ...
- 362
4
votes
1
answer
288
views
Do high premium health plans make sense for those self-employed AND subject to the AMT?
As you may have guessed, I am self-employed and subject to the AMT. When evaluating health insurance plans for my family, I chose a high premium/low deductible plan so that I could take advantage of ...
- 905
8
votes
5
answers
19k
views
Is "premium tax credit repayment" deductible as health insurance cost for self-employed?
Under the ACA, you estimate your income for the year when signing up for a health insurance plan via the exchange. If you are eligible for a subsidy, it is calculated based on this estimated income, ...
- 24k
6
votes
1
answer
1k
views
Switching From Employee to Independent Contractor
I've read a few different questions on here regarding the breakdown of employee vs independent contractor, but my situation has details that are quite different, hence, the question.
When I was hired,...
- 317