Question: My son lives in Arizona and receives pension income from the Arizona Retirement System (ARS). He is 64 years old and is now single with no dependents. The ARS allows him to purchase health ...
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There are now over 72 million Americans who are self-employed, including gig workers, freelancers, contractors, and consultants who now make up 45% of the U.S. workforce. If you’re a self-employed ...
Health insurance can be tax-deductible in certain situations, but most taxpayers don’t qualify. Whether you can deduct premiums depends on how you get your coverage, how you pay for it and whether you ...
Being self-employed gives you the freedom and flexibility to be your own boss. However, one major drawback of being your own boss is securing your own affordable health insurance. We all know that our ...
A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.
When you file your tax return, you can minimize your tax liability through common tax deductions like student loan interest, mortgage interest and charitable donations. But are medical premiums tax ...
Today’s work climate is geared toward freelance jobs, which makes it especially important for self-employed people to know how to arrange for their financial needs. One major fear among sole ...
Question: I have a small marketing company operating as a sole proprietorship and file a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my three employees as ...