Self Employed Health Insurance Deduction Simplified !

Self Employed Health Insurance Deduction

Can a self employed Individual claim health insurance deduction from taxable income? The answer is definitely yes. Anyone who has self-employment income can claim health insurance deduction, not only for the premium paid for himself but for also for the spouse, and dependents. Who can claim health insurance deduction? As you know there are various ways a …

Read moreSelf Employed Health Insurance Deduction Simplified !

New 20% Tax Deductions for Qualified Business Income ?

qualified business income

qualified business incomeThe Tax Cuts & Jobs Act has brought a new provision in the Internal Revenue Code to provide  20% tax deduction for all self-employed or freelancers or estate or trust from a partnership, S corporation or sole proprietorship or s corporation or who have qualified business income. This is in addition to 25 self-employment tax deductions already available to freelancers.

Read moreNew 20% Tax Deductions for Qualified Business Income ?

Malcare WordPress Security