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The issue is that any decent health plan is around $700 dollars and you cannot deduct that as an expense from your salary when you're a contractor or 1099. Now
by thrownaway954 9y ago
The issue is that any decent health plan is around $700 dollars and you cannot deduct that as an expense from your salary when you're a contractor or 1099. Now if you could deduct any and all types of "benefits" (so to speak) from your taxes as contractor, I think that would be a win.
- prepend 9y agoYou may want to check with your CPA as you can certainly deduct health insurance as an expense as a 1099 contractor. It’s actually easier as a contractor to deduct these as straight business expenses than as a w2 employee.