Health insurance tax deduction if self-employed

IRS.gov – Here is some information from the IRS about a special tax deduction for the self-employed. You may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for you, your spouse, and your dependents if you are one of the following: • A self-employed individual with a […]

Federal 2010 Tax Changes for Small Businesses

IRS.gov – During 2010, new laws, such as the Affordable Care Act and the Small Business Jobs Act of 2010, created or expanded tax deductions and tax credits that small businesses and self-employed individuals should consider when completing their federal tax returns and making business decisions in 2011. Health Insurance Deduction Reduces Self Employment Tax […]

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