May
19
How do health insurance tax deductions work for a member managed LLC?
Filed Under Individual-Health-Insurance-Quote
prizice24 asked:
I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently?
Zara
I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently?
Zara
Comments
One Response to “How do health insurance tax deductions work for a member managed LLC?”
The default is the company if you speak with cpa or qualified tax advisor they should be taxed at the deductability of your llc elected to be able to be able to be able to deduct 100.