Health Insurance deduction
Health Insurance deduction for Single employee S-Corp
Submitted by Anonymous on Tue, 2007-12-11 18:20.Very very helpful tax advice - Thank you so much -
I want to see how I can deduct my personal health insurance premium before tax ? I own 100% of my an s-corp with just myself as employee. I pay 820$ for my family HI premium that is in my name . I get a W-2 from my S-corp. Can I re-imburse my HI premium by voucher ( and this willnot appear in my W-2 and will be calculated under my business expense ) - I can write a hiring offer saying that in addition to my salary I can RE-IMBURSE upto 900$ for HI premium for family. Show this amt as a business expense and it will not come in my W-2 . Is this allowed by IRS ?
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