Keeping Your Books Straight

Deducting Health Insurance Costs For Self Employed Persons

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In addition to the daily responsibilities of operating a business, self-employed persons must also decide how to provide for their own health insurance. The potential financial liability resulting from an accident or sickness could place a business in jeopardy. To ease that concern, self-employed persons are able to take a tax deduction for the expenses of health insurance. The cost of your personal medical insurance is not deductible as a direct business expense of your company. Read More»