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>One of the problems with US health insurance is that it is tax deductible only when "paid" by the employer. This page (which was the first Google result) disa
by eurleif 14y ago
>One of the problems with US health insurance is that it is tax deductible only when "paid" by the employer.
This page (which was the first Google result) disagrees. http://taxes.about.com/od/deductionscredits/qt/healthinsurance.htm http://taxes.about.com/od/deductionscredits/qt/healthinsuran...
- fiatmoney 14y ago"you cannot deduct any insurance costs for any months you were eligible to participate in a subsidized group health insurance plan through your or your spouse's employer"
- fr0sty 14y agoNo it doesn't. If I work for a company that does not provide health benefits any health insurance I buy is NOT deductible. and that is one of the many odd decisions made. If you are self-employed (which is what the linked page is about) you are both the employer and employee and you as the employer of yourself get the decuction. People working for "the man" don't get this luxury.
- eurleif 14y ago>If you are self-employed (which is what the linked page is about) you are both the employer and employee and you as the employer of yourself get the decuction. Not entirely true. If you're employed by an S corporation you own, the S corporation is the employer, not you, but you can take the deduction.