Taxes
Health Savings Account Tax Forms: How to Make sense out of the HSA tax forms
As a health insurance agent living in Cincinnati, Ohio and being the proud owner of an HSA (AKA: Health Savings Account), even I was confused about the new forms that I now had to file for my personal taxes. So here is a breif tutuorial of the who, what, when , where how of health […]
Deducting Self-Employed Health Insurance Premiums
If you have self-employment income, then you can take a deduction for health insurance expenses.
Before claiming this tax deduction, you must calculate your allowable health insurance deduction. Take your self-employment income, and subtract the 50% deduction for self-employment taxes, and subtract any retirement contributions you make to SEP-IRA, SIMPLE-IRA, or Keogh plan. The remainder is […]
